Page 13 - Seller Guide 2025

TRANSACTION TIMELINE

Appraisal & Mortgage Process
The buyer submits their mortgage application, and the lender orders an appraisal of your home,
usually within two to three weeks of the Binder. Your agent will coordinate access with the appraiser
and ensure all parties stay on track toward financing approval.

Mortgage Contingency & Buyer Commitment
Most contracts include a mortgage contingency period of 3–5 weeks, during which the buyer must
secure financing. Once approved, they’ll receive a mortgage commitment letter—one of the final
hurdles before closing.

Final Preparation for Closing
With financing in place, it's time to focus on final details. We’ll review your “closing checklist,”
confirm that any negotiated repairs are complete, and make sure the home is in the agreed-upon
condition for the final walk-through.

Final Walk-Through
The buyer will return for a brief walk-through just before closing to confirm the home is in the same
condition as when they made their offer. This is typically a smooth process and handled by the
agents involved.

Closing Day

The closing usually takes place at your attorney’s office or, in some cases, at the lender’s attorney’s
office. After signing the final documents and transferring ownership, you’ll hand over the keys—and
celebrate the successful sale of your home!

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