Offer Accepted, Now What?
Once your offer is accepted by the seller it starts the next phase of the transaction. You will be asked for a down payment, typically 1% of the purchase price, on the home you are purchasing which will be held with an attorney or settlement company and applied to the final purchase of your property.
By the time this happens, you have come to an agreement with the seller on the closing date and the contingencies This period is usually 30 days and each item specified in the contract must be completed satisfactorily.
Each contract is different, but most include the following four items:
Inspection contingency: this should be completed as soon as possible after the contract is signed. If the results of the inspection are unsatisfactory you can negotiate repairs or cancel the contract.
Financing contingency: Once the contract is signed, you have a period of time to secure funding. If you are unable to secure funding during the period of time granted to you by the contract (and the seller will not provide a written extension of time), you must decide whether you want to cancel the purchase. This is why being pre-approved before shopping for a property is so important!
A requirement that the seller must provide a marketable title. The title must be "clear" to ensure that you do not have legal issues regarding your ownership. We can help you look into local and state ordinances regarding property transfer and make sure that you and/or the seller have complied with them.
Secure homeowner's insurance. This is almost always required before you can close the sale. It best to apply for insurance as soon as possible after the contract is signed.
If you have questions or are ready to begin the home buying process, just complete the form below, and a member of our team will be in touch shortly!
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Embark On Your Real Estate Journey with Confidence
At Mountain View Realty we believe that buying or selling a home is more than a transaction—it’s a milestone in your life’s story. Whether you’re preparing to list your current property or searching for the perfect place to call home, we combine market expertise, personalized strategies, and genuine care to ensure a seamless experience from start to finish.
Why Partner with Us?
Tailored Guidance: We take time to understand your individual needs, whether that’s maximizing sale value, timing your move perfectly, or finding a home that fits your lifestyle.
Local Market Mastery: With ten years of experience navigating Albuquerque's neighborhoods—price trends, hidden gems, and negotiation nuances—you benefit from insights that only a seasoned expert like Robb can provide.
White‑Glove Service: From professional staging recommendations to digital marketing campaigns and robust open houses, we handle every detail so you can focus on what matters most.
Transparent Communication: You’ll receive clear, consistent updates at every step—no surprises, just strategic advice and honest feedback.
Your Next Steps
1. Reach Out: Share your goals—seller’s timeline or buyer’s wishlist—and we’ll craft a customized plan.
2. Consultation & Strategy: We’ll walk you through market data, opportunities, and a step‑by‑step roadmap.
3. Execute & Celebrate: From listing or touring to negotiating and closing, we’ll be by your side, celebrating your success.
Ready to make your next move? Contact us today for a no‑obligation consultation. Let’s turn your real estate dreams into reality—together.
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