What Happens After You Accept an Offer on Your Long Island Home?

What happens after I accept an offer on my Long Island home?
Accepting an offer is an exciting milestone—but it’s just the beginning of the closing process. From inspections to appraisals and final walkthroughs, there are several key steps before you officially hand over the keys. Eric Berman REALTOR outlines what Long Island sellers can expect after accepting an offer and how to keep the transaction moving smoothly.

Step 1: The Offer Becomes a Contract

Once you and the buyer agree on price and terms, your agent sends the accepted offer to both attorneys. In New York, the sale becomes official only after both parties sign the contract and the buyer submits the earnest money deposit.

Typical Timeline:

• Buyer’s attorney drafts the contract.

• Seller’s attorney reviews and negotiates terms.

• Buyer signs first and delivers the deposit (usually 5–10%).

• Seller signs last, making the contract legally binding.

Eric Berman REALTOR works closely with trusted attorneys to ensure contracts are reviewed quickly and efficiently.

Step 2: The Buyer’s Inspection Period

After the offer is accepted—but before contracts are signed—buyers usually schedule a home inspection. This step identifies potential issues and can lead to further negotiation.

Seller Tips:

• Keep your home accessible and in showing condition.

• Provide documentation for recent upgrades or repairs.

• Don’t panic if the inspection report is lengthy—most items are minor.

Eric guides sellers on how to handle inspection requests strategically, helping protect your sale while keeping buyers comfortable moving forward.

Step 3: The Appraisal

If the buyer is financing the purchase, the lender will order an appraisal to confirm the home’s value supports the loan amount.

What to Expect:

• The appraiser compares your home to similar recent sales in your area.

• If the appraisal comes in low, Eric helps negotiate adjustments or find alternative solutions (e.g., buyer adds cash, price is slightly reduced).

Appraisal results can influence timelines, so proactive communication is key.

Step 4: Title Search and Mortgage Processing

During this phase, the buyer’s lender verifies financial documents and conducts a title search to ensure there are no liens or ownership disputes.

Seller’s Role:

• Provide any requested documentation promptly (e.g., paid tax receipts, permits).

• Stay responsive to your attorney and agent.

Eric keeps you updated throughout so there are no surprises near closing.

Step 5: Preparing for Closing

Once financing and title are cleared, it’s time to finalize the move.

Seller Checklist:

• Schedule your moving date.

• Cancel or transfer utilities.

• Review your closing statement with your attorney.

The closing is typically held at the buyer’s attorney’s office or via remote notarization, depending on preference.

Step 6: The Final Walkthrough

Within 24–48 hours before closing, the buyer will conduct a final walkthrough to confirm the home’s condition matches the contract.

Tips for Success:

• Leave the home broom-clean and free of personal items.

• Ensure agreed-upon repairs are complete.

• Double-check that appliances and fixtures remain in place.

Step 7: Closing Day

At closing, both parties sign the necessary documents to officially transfer ownership. The buyer’s funds are wired, your mortgage (if any) is paid off, and you receive your proceeds.

You’ll Hand Over:

• Keys and garage openers

• Warranties or appliance manuals

• Any remaining access devices (e.g., alarm codes, remotes)

Congratulations—you’ve sold your Long Island home!

Final Thoughts

The period between accepting an offer and closing can be complex, but with an experienced agent and organized plan, it’s manageable and predictable.

Want expert help navigating the full home-selling process?

Contact Eric Berman REALTOR today for guidance from accepted offer to successful closing.

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What happens after accepting an offer on your Long Island home? Eric Berman REALTOR explains each step from inspection to closing to help sellers stay prepared.