Accepting An Offer + Closing

After an offer is accepted on both sides, the process to complete the appraisal and schedule the closing takes about 30-45 days, however it can be completed more quickly in rare cases.

Closing is the conclusion of the real estate transaction, and your REALTOR® will be an invaluable asset in helping you prepare for it. The closing process varies from state to state. In Indiana, closing is done face-to-face; that is, the buyer and seller sit down at the same table to complete the sale. A face-to-face closing involves the resolution of two issues; first, the promises made in the sales contract are fulfilled, and second, the buyer's loan is finalized, and the mortgage lender disburses the loan funds. It may be conducted at the title company or lender's office or at some other mutually agreeable location.

Closing includes many, many signatures, an exchange of documents, the handing over of keys and maybe some champagne - congratulations!