Home Buying Process
Next Steps After Your Home Offer is Accepted
Your Roadmap to a Confident Home Purchase
Whether you’re buying for the first time or the fifth, having a clear understanding of the home buying process makes all the difference.
My comprehensive Home Buyer Overview walks you through every stage—from financing and offer strategy to inspections, closing, and beyond—so you can navigate your purchase with clarity, confidence, and fewer surprises.
Your offer just got accepted—now what? That initial excitement is well-deserved, but the first week after ratification is critical. In this video, Adam outlines the essential steps buyers must take immediately after going under contract, from submitting your mortgage application to scheduling inspections. This is a must-watch for buyers who want to stay on track and avoid jeopardizing their purchase.
What You’ll Learn in This Video:
What the term “ratification” means in a real estate contract
Why submitting your earnest money deposit promptly is crucial
When and how to apply for your mortgage and homeowners insurance
What deadlines your lender is relying on—and how delays can hurt you
Why the first week after contract acceptance is the busiest phase of the process
What’s on the market now? Customize your home search.
Ready to start the process? Schedule a brief conversation.
Adam Tabaka (00:00):
Once your offer has been accepted, it’s time to celebrate – just a little bit. There’s still plenty of work to be done before settlement, and that first week following ratification is especially busy.
(00:11):
As soon as you receive instructions from your title company, generally a day or two after ratification, it’s important that you submit your earnest money deposit right away.
(00:20):
If you’re financing your home purchase and the contract contains a financing contingency per the contract, you must submit your mortgage application within seven days of ratification. But don’t wait that long. Get your application submitted within 24 hours after ratification. The timeline for financing and appraisal contingencies that your lender recommended to your agent were likely calculated on the assumption that you would submit your mortgage application immediately after ratification. Procrastinating puts your lender’s ability to meet those deadlines in jeopardy, thereby potentially diminishing the contractual protections that you bargained for.
(01:00):
And you must also submit your application for homeowners insurance within seven days of ratification. But again, take action sooner rather than later. Even if you decided to waive the financing contingency. Best practice is to submit your mortgage and insurance applications within 24 hours of ratification.
(01:21):
In addition to submitting your EMD and applications, if you opted for a home inspection contingency, that inspection will likely need to be conducted within the first several days following ratification. So as you can see, that first week following ratification is a big one and a busy one.
(01:40):
Want to learn more? Check out my Home Buyer Overview down below. Ready to get the process started? Give me a call or schedule time in the link below. Until next time, take it easy.
Your Roadmap to a Confident Home Purchase
Whether you’re buying for the first time or the fifth, having a clear understanding of the home buying process makes all the difference.
My comprehensive Home Buyer Overview walks you through every stage—from financing and offer strategy to inspections, closing, and beyond—so you can navigate your purchase with clarity, confidence, and fewer surprises.