Accepted offer checklist

Congratulations on your accepted offer! Use this checklist to ensure your transaction gets off to a great start!

IMMEDIATELY UPON OFFER ACCEPTANCE

• Send accepted offer to your Lender

• Deliver deposit check (see below)

• Schedule home inspection

• Retain Buyer’s Attorney

• Enter the following important dates from your offer into your calendar:

  • Loan application deadline

  • Home inspection deadline

  • Purchase and Sale Agreement signing date

DELIVERING THE DEPOSIT

The first escrow deposit is due as soon as the offer is accepted. Unless otherwise specified, you should plan on hand delivering a personal check to the Escrow Agent. Your REALTOR® will advise on how and where to deliver the check. Follow these instructions to write out your deposit check:

Amount:   The amount should match the deposit in Paragraph 1-i of the Contract to Purchase.

Made out to:   Typically the check is made out to the listing agent’s company but the seller’s attorney may also hold escrow. The Escrow Agent is specified in Paragraph 5 of the Contract to Purchase.

Memo:  Reference the property address in the memo.

Copy:   Don’t forget to make a copy of the check for your lender and your  records!

Address: Seal the check inside an envelope clearly marked with the address of the property you’re purchasing (e.g., “Deposit for 123 Main Street”)