Chapter 10: You Sold a Property! Your First Steps After an Accepted Offer
Congratulations, your client's offer has been accepted! Now the real work begins. From wiring the deposit to setting up escrow and organizing documentation, these early days set the tone for a smooth transaction.
What You'll Master
Wire the Deposit — and Do It Fast: Learn the timeline expectations, how to coordinate with escrow officers, and why speed demonstrates professionalism in competitive markets.
Escrow vs. Title: Who Does What?: Understand the difference between escrow companies and title companies, what each handles, and how the process varies by state.
Send Documents to the Right People: Know exactly what paperwork goes to escrow, lenders, and your brokerage to ensure compliance and avoid delays.
Don't Skip the Disclosure Package: Master the timing of getting disclosures signed and why this strengthens your client's position.
Get Help from a Transaction Coordinator: Understand how TCs handle the paperwork mountain and ensure brokerage compliance.
Start Managing Contingencies: Learn to monitor inspections, appraisals, and loan timelines while handling extensions when needed.
Want the complete guide? The full Chapter 10 includes Patty's post-acceptance checklist, email templates for coordinating with escrow officers, her system for tracking contingency deadlines, document distribution lists, and the exact timeline for every step from acceptance to closing.