What Happens After Your Offer Is Accepted?

7 days ago
2 min read

You did it — your offer was accepted! 🎉

While this is a huge milestone in the home buying process, it’s also just the beginning of the next phase: getting from accepted offer to closing day.

If you're buying in Kalamazoo, Portage, or anywhere in Southwest Michigan, here’s what you can expect after your offer is accepted.

1. Earnest Money Deposit

Shortly after your offer is accepted, you’ll submit your earnest money deposit.

This shows the seller you’re serious about the purchase. The funds are typically held in an escrow account and later applied toward your closing costs or down payment.

2. Schedule the Home Inspection

One of the first major steps is the home inspection.

During this process, a licensed inspector will evaluate the home’s condition, including:

Roof
Foundation
Electrical and plumbing systems
HVAC

What Happens Next?

After the inspection, you may:

Accept the home as-is
Request repairs
Negotiate credits
Or, in some cases, walk away (depending on your contract)

3. Appraisal Ordered by Your Lender

If you’re financing the home, your lender will order an appraisal.

The appraisal determines whether the home’s value supports the purchase price.

If the appraisal comes in at or above the offer price → great!
If it comes in low, you may need to renegotiate or adjust your financing

4. Finalize Your Mortgage

During this time, your lender will work through the underwriting process.

You may be asked to provide:

Updated bank statements
Pay stubs
Additional documentation

👉 Important tip: Avoid making large purchases or opening new credit accounts during this time.

5. Title Work & Insurance

A title company will ensure the property has a clear title, meaning there are no legal issues tied to ownership.

You’ll also secure homeowners insurance, which is required before closing.

6. Contingency Deadlines

Your contract likely includes important deadlines, such as:

Inspection contingency
Financing contingency
Appraisal contingency

Staying on top of these timelines is key to keeping the transaction moving smoothly.

7. Final Walk-Through

A few days before closing, you’ll do a final walk-through of the home.

This is your chance to:

Confirm agreed-upon repairs were completed
Ensure the home is in the expected condition
Verify nothing has changed since your last visit

8. Closing Day

This is the big day!

At closing, you’ll:

Sign all final documents
Pay your closing costs and remaining funds
Receive the keys to your new home

Congratulations — you’re officially a homeowner!

The Southwest Michigan Timeline

In markets like Kalamazoo and Portage, the time from accepted offer to closing is typically around 30–45 days, depending on financing and contract terms.

Having a knowledgeable local team helps ensure everything stays on track.