Your Offer's Accepted in McKinney! What Happens Next? | Brandon Scribner Real Estate

Congratulations! Your offer was accepted! That's fantastic news and a huge milestone in your home-buying journey. I know you're probably thinking, "Okay, Brandon Scribner, what happens next?" It's a common question, and frankly, it's where the real work (and excitement!) begins. As your Accredited Buyer Representative and a top realtor in McKinney, I've guided countless clients through this exact moment, and I'm here to break down the crucial steps that follow.

So, your offer is accepted – what’s next? First up, we enter the 'Option Period.' This is a critical window, typically 7-10 days, where you have the unrestricted right to terminate the contract for any reason. During this time, our first major item is the home inspection.

• *1. The Home Inspection: This isn't just a formality; it's your chance to get an expert's eyes on the property's condition. We'll arrange for a qualified inspector to thoroughly examine everything from the foundation to the roof, plumbing, electrical, HVAC, and appliances. They'll provide a detailed report, highlighting any potential issues or necessary repairs. My experience working with first time home buyers** has shown me just how invaluable this step is for peace of mind.

• *2. Negotiation for Repairs (or Credits): Once we have the inspection report, we’ll review it together. If significant issues arise, we can negotiate with the seller for them to make repairs, offer a credit at closing, or even adjust the purchase price. This is where strong negotiation skills, honed as a Real Estate Negotiation Expert**, truly benefit you.

• *3. Appraisal:** If you're getting a loan, your lender will order an appraisal. This independent valuation ensures the property's value supports the loan amount. Lenders need to be sure they aren't lending more than the home is worth. If the appraisal comes in lower than the sales price, we'll discuss our options, which could include the seller lowering the price or you bringing more cash to closing.

• *4. Loan Underwriting:** While these steps proceed, your lender is busy with the underwriting process. They’ll verify all your financial information – income, assets, credit history – to give final loan approval. Be prepared to provide additional documentation quickly; timely responses keep the process moving smoothly.

• *5. Title Commitment and Survey:** The title company conducts a thorough search to ensure no liens or other issues affect your ownership. They’ll prepare a title commitment, outlining conditions for title insurance. A survey is often ordered to confirm property lines and identify any encroachments.

• *6. Homeowners Insurance:** You'll need to secure a homeowner's insurance policy before closing. Your lender will require proof of coverage to protect their investment and yours. I can connect you with trusted local insurance professionals if you need recommendations.

• *7. Utility Transfers:** As we approach closing, arrange for the transfer of utilities (electricity, water, gas, internet) into your name, effective on the closing date.

• *8. Final Walk-Through:** Typically, a day or two before closing, we’ll do a final walk-through. This confirms the home is in the agreed-upon condition, negotiated repairs are done, and no new damage has occurred. It's your last chance to see the property before it officially becomes yours!

• *9. Closing Day!** This is the exciting grand finale! We'll meet at the title company to sign a mountain of paperwork. You'll sign loan documents, the deed, and other legal forms. Once all documents are signed, funds are disbursed, and the deed is recorded, you'll get the keys to your new home! Congratulations, you're officially a homeowner!

Navigating these steps can feel overwhelming, especially for first time home buyers or those new to new construction homes, but that's exactly why you hire a dedicated real estate professional like me. My goal is to make this journey as smooth and stress-free as possible, ensuring you understand every detail. As a

top realtor in McKinney

and throughout the Dallas-Fort Worth area, I leverage my expertise not just in transactions, but in truly understanding market nuances and client needs. I'm here to provide expert

Home Buying Assistance

from start to finish, protecting your interests every step of the way.

Ready to make your move or just have questions about the home-buying process? Don't hesitate to reach out. I offer a Free Consultation to discuss your specific needs and how I can help you achieve your real estate goals. Let's connect and turn your homeownership dreams into a reality!