23 | Part 3: All That Happens After You Accept an Offer

In this episode, we dive deep into the critical aspects you need to be aware of when a home is in "pending" status. While the excitement of an accepted offer can feel like a victory, there’s still a lot to navigate before you can truly pop the champagne. Here’s what to consider: The deal isn’t binding until both the buyer and seller sign the agreement. We discuss the importance of understanding the terms before sealing the deal. Not all buyers follow through immediately. We’ll explain what happens if a buyer backs out, how to stay protected, and why keeping your home active on the market can be a smart strategy until the deposit is secured. Buyer’s conditions can range from final mortgage approval to home inspections. Here’s what to expect: Final mortgage approval Home inspection Condo document review Sale of buyer’s property Sometimes, even after an agreement, the buyer might request repairs post-inspection. Learn how to negotiate addendums and handle repair requests without sacrificing the deal. A pending status doesn’t mean it’s time to relax. Many things can still go wrong—buyers can get cold feet or struggle with financing. We’ll guide you through what can derail a sale and how to handle buyer’s remorse. With little control at this stage, we focus on fulfilling the buyer’s conditions and being prepared for appraisals and inspections. It’s a waiting game—here’s how to manage it. Once the conditions are met, there are two outcomes: Back on the market if the deal falls through. Sold! when conditions are waived, and the sale is complete. And then... pop the champagne! This episode is packed with everything you need to know to navigate the complexities of the pending stage with confidence. Be sure to tune in for expert advice on how to manage expectations and protect your interests while waiting for the deal to close 1. Purchase Contract 2. Deposit 3. Conditions 4. Terms & Addendum 5. Not a Time to Celebrate 6. We’re Sitting Ducks 7. From Here... (Condition Date) Either you're back on the market or you're officially sold!