What Actually Happens After You Go Under Contract?

For many buyers and sellers, getting a home under contract feels like the finish line — but in reality, it’s just the beginning of the next phase of the process.

If you’re buying or selling in the Kansas City area, here’s a simple breakdown of what usually happens after an offer is accepted.

The Inspection Period

One of the first major steps after going under contract is the home inspection.

During this time, the buyer typically hires an inspector to evaluate the home’s condition. This can include the roof, HVAC system, plumbing, electrical, foundation, and more.

After inspections are completed, there may be negotiations regarding repairs or credits.

The Appraisal

If the buyer is financing the purchase, the lender will usually require an appraisal.

The appraisal helps confirm the home’s value for the lender. Occasionally, homes appraise below the contract price, which can lead to additional negotiations between the buyer and seller.

Loan Approval and Underwriting

While inspections and appraisals are happening, the buyer’s lender is also working through the loan approval process.

This includes verifying financial documents, employment, and final loan details before issuing clear-to-close approval.

Final Walkthrough

Right before closing, the buyer will typically complete a final walkthrough of the home.

This is simply a chance to make sure the property is in the agreed-upon condition before closing day.

Closing Day

Closing day is when all final documents are signed and ownership officially transfers from seller to buyer.

For buyers, this is the exciting day they officially get the keys to their new home.

Final Thoughts

The contract-to-close process can feel overwhelming at times, especially for first-time buyers and sellers. But having the right guidance throughout the process makes everything much smoother.

Whether you’re buying or selling in Shawnee, Lenexa, or the greater Kansas City area, understanding the process ahead of time helps reduce stress and surprises.