Contract to Close
Your Timeline
Six stages from contract signed to closing day. Tap any stage to learn what happens, who does what, and what to watch for.
- 1
Contract Signed
Once the buyer and seller agree on all terms and sign the contract, the transaction officially begins. Earnest money and the optio…
- 2
Option Period
This is the buyer's negotiated timeframe to fully inspect the property and decide whether to move forward. During this time, inspe…
- 3
Financing & Appraisal
If you're using a loan to purchase the home, this is when your lender begins underwriting, reviewing your finances, and ordering t…
- 4
Title Review
The title company researches the property history to ensure the title is clear and transferable. A title commitment is issued show…
- 5
Clear to Close
All lender and title requirements have been satisfied. Loan documents are approved, closing disclosures are signed, and the file i…
- 6
Closing Day
The final step of the transaction. Buyers and sellers sign all required documents, funds are received, and ownership officially tr…