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Offer Accepted → Now What? Navigating the 41-Day Gauntlet

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Manage episode 505931089 series 3675445
Content provided by Mortgage Research Network. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Mortgage Research Network or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Finding the house takes about 10 weeks—but the real work starts after your offer is accepted. In this episode, Tim Lucas and Craig Berry map the ~41-day closing maze, with real stories of what can go sideways and how to stay on track. You’ll learn:

  • Timeline Reality: What actually happens between acceptance and keys—earnest money deadlines, inspections, appraisal, underwriting, closing disclosure, and funding
  • Inspection Landmines: Hidden water damage, renegotiations, and how contingency clocks create pressure
  • Earnest Money Shock: Why the 48-hour deposit window feels so real—and how to prep for it
  • Appraisal Gaps: A $1.25M contract vs. a $1.18M appraisal—playbook for price cuts, extra cash, or walking away
  • Final Walkthrough Gotchas: Contracted appliances “mysteriously” swapped—and remedies like credits or closing delays
  • Protect Yourself: Why ~80% of buyers still use inspection contingencies, plus the value of a responsive agent–lender–attorney team
  • Stay Sane & Close On Time: Organization, clear communication, and flexibility when surprises pop up

Read the full guide:
https://www.mortgageresearch.com/articles/offer-accepted-whats-next-in-the-homebuying-process/

  continue reading

34 episodes

Artwork
iconShare
 
Manage episode 505931089 series 3675445
Content provided by Mortgage Research Network. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Mortgage Research Network or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Finding the house takes about 10 weeks—but the real work starts after your offer is accepted. In this episode, Tim Lucas and Craig Berry map the ~41-day closing maze, with real stories of what can go sideways and how to stay on track. You’ll learn:

  • Timeline Reality: What actually happens between acceptance and keys—earnest money deadlines, inspections, appraisal, underwriting, closing disclosure, and funding
  • Inspection Landmines: Hidden water damage, renegotiations, and how contingency clocks create pressure
  • Earnest Money Shock: Why the 48-hour deposit window feels so real—and how to prep for it
  • Appraisal Gaps: A $1.25M contract vs. a $1.18M appraisal—playbook for price cuts, extra cash, or walking away
  • Final Walkthrough Gotchas: Contracted appliances “mysteriously” swapped—and remedies like credits or closing delays
  • Protect Yourself: Why ~80% of buyers still use inspection contingencies, plus the value of a responsive agent–lender–attorney team
  • Stay Sane & Close On Time: Organization, clear communication, and flexibility when surprises pop up

Read the full guide:
https://www.mortgageresearch.com/articles/offer-accepted-whats-next-in-the-homebuying-process/

  continue reading

34 episodes

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