SOLD! What happens after a contract is accepted?

You've found a house or a buyer has found yours, and everyone has agreed on a price. So what happens between now and the time it becomes legally owned by you or another party? We understand the home buying process can be a little confusing. So we've put together these steps to help you better understand what happens after the sold sign is posted!

Step 1: Earnest Money

Deposit made by purchaser as sign of good intent to purchase property

​​Step 2: Tax Check

​Determines what taxes are owed on the property

Step 3: Title Search

​Various public records collected, various assessments are addressed

Step 4: Examination

​Verifies legal owner and all debts owed by owner

Step 5: Document Prep

Forms are prepared for the transfer of title and settlement

Step 6: Settlement

​Escrow Officer oversees closing, various companies performing services are paid

Contact Maryville Title Agency

Contact us for more information on the home buying process and to learn more about our company!

Maryville Title Agency

294 Gamble Avenue
Maryville, TN 37801