Closing an Offer

STEP 11: Buyer’s Due Diligence Period

• Be prepared to allow the buyer reasonable access to your home and property for them to conduct inspections.
• After the home inspection, do not be alarmed if the buyer wants to schedule specialists like electricians or plumbers to come in and inspect the home.
• If the buyer submits a request for repairs, work with your agent to negotiate a solution between both parties.
• If any reports were required in the accepted offer, provide the buyer with them.

STEP 12: Bank Ordered Appraisal

• The buyer’s lender may conduct an appraisal to verify that the market value of the home supports the contract price.

STEP 13: The Home Stretch

• Once the buyer has lifted contingencies and their deposit is locked in, complete any agreed requests before closing.
• Expect the buyer to schedule a final walk-through, where they will verify that the condition of the property is the same as when they made the offer. This also allows the buyer to ensure that any agreed upon repairs have been completed.