What Happens After You Accept an Offer on Your Home?

After you accept an offer on your Tampa home, the process moves to inspections, appraisals, financing, and final closing. We help guide you through each step to ensure a smooth transaction.

1. The Offer Becomes a Contract

Once you accept an offer, it becomes a legally binding contract. In Tampa, this typically uses the Florida Realtors/Florida Bar contract form. Shane Vanderson reviews the details with you to confirm price, contingencies, and timelines are clear and in your best interest.

2. Buyer’s Deposit and Escrow

The buyer submits an earnest money deposit, usually 1%–3% of the purchase price, held in escrow. This shows the buyer’s commitment to the transaction.

3. Home Inspection Period

The buyer schedules a home inspection, often within the first 7–10 days. If issues arise, buyers may request repairs or credits. We negotiate on your behalf in a transparent way to keep the deal moving forward.

4. Appraisal Process

If the buyer is financing, their lender will order an appraisal. If the appraisal comes in low, we strategize with you on next steps, which may include renegotiation or challenging the valuation.

5. Financing and Underwriting

The buyer’s lender finalizes underwriting during this period. Cash buyers typically move faster, while financed offers may take up to 30–45 days.

6. Title Work and Closing Preparation

The title company verifies ownership, clears liens, and prepares closing documents. Sellers in Tampa usually pay for the title policy, and Shane reviews your closing statement to ensure accuracy.

7. Final Walkthrough and Closing Day

Before closing, the buyer does a final walkthrough to confirm the home’s condition. On closing day, documents are signed, funds are transferred, and ownership officially changes hands.

Guidance From Start to Finish