Accepted an Offer in Roanoke, VA? Here’s Your Next Move!

by Robert Kern

Congratulations! You’ve just accepted an offer on your Roanoke, VA home—an exciting milestone, but not quite the finish line. The period between accepting an offer and handing over the keys is filled with important steps, paperwork, and a bit of anticipation. Here’s what you can expect as you move toward closing day:

1. The Home Goes “Under Contract”

Once you and the buyer sign the purchase agreement, your home is officially “under contract.” This means both parties are committed to the sale, but several contingencies must be met before it’s a done deal.

2. The Buyer Schedules an Inspection

Most buyers will schedule a home inspection within a week or so. The inspector will check everything from the roof to the foundation. Don’t panic if issues are found—minor repairs are common, and you may negotiate with the buyer on what gets fixed.

3. Appraisal Time

If the buyer is financing the purchase, their lender will order an appraisal to ensure the home’s value matches the agreed price. If the appraisal comes in low, you may need to renegotiate or address the difference.

4. Title Search and Escrow

A title company will verify that you have clear ownership and there are no liens or claims on the property. At the same time, earnest money (the buyer’s deposit) is held in escrow until closing.

5. Negotiating Repairs or Credits

After the inspection, the buyer may request repairs or ask for a credit at closing. Be prepared for some back-and-forth, but remember: most deals move forward with a little compromise.

6. Final Walk-Through

Shortly before closing, the buyer will do a final walk-through to ensure the home is in the agreed-upon condition and any negotiated repairs are complete.

7. Closing Day

On closing day, you’ll sign the final paperwork, hand over the keys, and officially transfer ownership. Funds are disbursed, and you can celebrate your successful sale!

Tips for a Smooth Closing

Stay in close contact with your real estate agent and attorney.
Respond quickly to requests for information or documents.
Keep your home in good condition until the sale is complete.

Selling a home in Roanoke, VA can feel like a whirlwind, but with each step, you’re closer to your next adventure. If you have questions or need support, your local real estate professional is your best resource every step of the way.