What Happens Between Contract and Closing?

You’ve found your dream home, negotiated the deal, and signed the purchase agreement. But now what? The time between contract and closing is full of moving parts, and knowing what to expect can help you feel more confident every step of the way. 

Here’s what really happens after you go under contract—and what needs to happen before you get the keys. 

Step 1: The Clock Starts 

The signed purchase agreement triggers key deadlines: 

• Inspection period (usually 7–10 days) 

• Loan application finalization 

• Title search and survey 

• Closing date countdown 

Your real estate agent, lender, and title company will each begin working on their part of the process. 

Step 2: Inspections & Negotiations 

You’ll schedule a home inspection to evaluate the property’s condition. Based on the report, you may: 

• Accept the property as-is 

• Ask the seller for repairs or credits 

• Walk away if serious issues arise (within your inspection window) 

Your agent will guide you through this negotiation. 

Step 3: Loan Processing & Appraisal 

If you’re financing the purchase: 

• Your lender will finalize your mortgage approval 

• The lender will order an appraisal to ensure the home’s value matches the contract price 

• You may be asked for additional documents (W-2s, bank statements, insurance, etc.) 

A lower-than-expected appraisal could lead to further negotiation. 

Step 4: Title Search and Closing Prep 

The title company will: 

• Confirm that the seller legally owns the property 

• Check for liens, unpaid taxes, or ownership disputes 

• Order a survey if required by your lender or title insurer 

• Prepare legal documents for closing 

If issues are found, they’ll be resolved or cleared before closing. 

Step 5: Secure Your Closing Funds 

You’ll receive a Closing Disclosure with your final numbers at least 3 days before closing. Review it carefully. 

You’ll need to: 

• Arrange for a wire transfer of your down payment and closing costs 

• Verify wiring instructions verbally to avoid fraud 

• Bring your ID and any other required documents on closing day 

Step 6: Closing Day 

You’ll sign mortgage documents, receive a final explanation of your loan, and officially become the new homeowner. Once everything is signed and recorded, the keys are yours! 

Final Word 

Between contract and closing, a lot happens behind the scenes—but with the right team, it doesn’t have to be stressful. At Title Stream, we work with buyers, agents, and lenders to coordinate every detail and make sure your home purchase closes smoothly.