Congratulations, you are In Escrow! Here's what happens next. . .
You are now in escrow (also sometimes referenced as being “under contract”). This means that we have accepted an offer on the sale of your home and are moving forward into the next phase of your sales process.
Depending upon your exact contract details, most clients will be busy for the next 2-3 weeks with buyer inspections, questions and deadlines. If you accepted an all-cash offer with limited or no contingencies, then most of this may not apply to your scenario.
For those clients that these details do apply, let’s walk through what’s coming up in these next few weeks so you feel prepared.
*Ps: be sure to read the FAQ (frequently asked questions) below as they will answer many questions you may have at this time.
What Happens Next:
1. Sign any outstanding documents, new disclosures and contract documents (the visual calendar with dates & deadlines is a great tool to print-out and keep handy.)
2. We will confirm the appraisal inspection time and date with you (If applicable). Your home should be in show-ready condition for the appraiser. *Reference Pre-Showing Checklist as a guide. Click HERE.
3. Buyers typically submit a ‘Request for Repair’ a day or two prior to their contingency removal for inspections.
4. We will confirm and help schedule any buyer inspections with you. Buyer inspections (if applicable) may consist of, but are not limited to:
General home inspection, pest/termite, roof, pool. *these are the most common inspections, but there may be others.
HVAC (Heat/Air), electrical, plumbing, windows
Well, septic, property survey
Contractors, flooring, painters
Structural, mold, chimney
-During buyer inspections, please plan to be out of the home for the duration of the inspections and plan accordingly as the inspections will take several hours. (2-4 hrs on average, depending on size of home and that particular inspector.)
-Check your calendar timeline for important contract updates, ensure your printed version is the most recent. (If you sign any amend/extends, this may alter some dates & deadlines.)
-Schedule and confirm date with movers and cleaners.
-Please see ‘Important Numbers’ below to assist you with removing utilities from your name on the day your home is sold. *Or the last day of your rent -back if applicable.