Accepting an offer on your home is a big milestone, but it is not the finish line. On the Connecticut Shoreline, in towns like Old Saybrook, Madison, Guilford, Essex, and Westbrook, the real work begins after the contract is signed.
First comes the inspection phase. Buyers will typically conduct a home inspection, and this is where negotiations can resurface. Requests for repairs, credits, or escrow holdbacks are common. How this is handled can make or break your deal, which is why strong negotiation strategy matters.
Next is the appraisal. If the buyer is financing, their lender will require an appraisal to confirm the home’s value. If the appraisal comes in low, it can trigger renegotiation. Proper pricing from the start helps avoid this issue.
At the same time, your attorney and the buyer’s attorney will work through contracts, contingencies, and any outstanding items like septic, well, or title review. Timelines matter here, and delays can impact your closing date.
You will also need to prepare for the final walkthrough and closing. This includes ensuring the property is in agreed-upon condition, utilities are transferred, and all agreed repairs or credits are documented.
The biggest misconception is that once you accept an offer, the deal is done. In reality, this is where experienced guidance protects your transaction all the way to closing.
If you are planning to sell, understanding what happens after the offer is key to a smooth and successful closing.
𝗝𝗲𝗻𝗻𝗶𝗳𝗲𝗿 𝗚𝘂𝗿𝗻𝗲𝗹𝗹 | William Raveis Real Estate
📞 (860) 227-1212
🌐 www.jennifergurnell.com
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