house to come off the market or for the payment to go into escrow.
9. Pass the inspection.
What is escrow?
When you make an offer on a home, you will write an earnest check that will be placed in “escrow.” This means it isn’t going directly to the seller. Instead, it is held by an impartial third party until you and the seller negotiate a contract and close the deal.
During this time you get the house inspected and work out the kinks of the contract based on the condition of the house.
10. Close the deal.
This is where you celebrate! Pat yourself on the back and pack your bags. You’re now a homeowner.
Tia Muhammad, BS, is an award-winning freelance content & media creative, copywriter, blogger, digital designer, and marketing consultant. She owns the boutique content and digital media company, jackieGLDN|studio.