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Once inspection and HOA reviews are complete, the buyer’s lender orders an independent appraisal to determine the home’s fair market value. The appraiser visits the property and submits a report to the lender. The broker ensures access and follows up on report timing. This step protects both the lender and buyer from overpaying.

If the appraisal comes in at or above the purchase price, the deal proceeds smoothly. If it comes in below, the buyer may negotiate a price reduction, pay the difference out-of-pocket, or dispute the valuation. The broker supports the buyer in reviewing the appraisal and navigating options based on lender guidelines and contractual deadlines.

If the buyer is satisfied with the appraisal—or has resolved any issues—they formally remove the appraisal contingency. This means they accept the valuation and will proceed regardless. This is another legal milestone that increases the buyer’s financial risk if they cancel afterward, so timing and certainty are key.

The lender completes a thorough review of the buyer’s income, assets, credit, and debt to issue final loan approval (also known as “clear to close”). This is the most sensitive part of the process and requires the buyer’s timely cooperation. The broker tracks progress and communicates with the lender to stay ahead of any issues.

Once the loan is officially approved and all financing conditions are met, the buyer removes the loan contingency in writing. At this point, the buyer is fully committed, and the deposit becomes non-refundable. The broker ensures all timing aligns with the contract to avoid legal or financial risks.

The seller provides a full set of required disclosures about the property, such as past repairs, neighborhood nuisances, or known defects. The buyer reviews and signs off on these items, often alongside the broker’s guidance. This step also includes review of escrow instructions, preliminary title reports, and any seller-provided warranties or invoices.

Typically conducted 1–3 days before closing, the buyer does a final walkthrough to ensure the property’s condition hasn’t changed and agreed-upon repairs were completed. It’s not another inspection—it’s verification. The broker accompanies the buyer to document any last-minute issues and coordinate resolutions with the seller, if needed.

The buyer signs the final loan package, title paperwork, and settlement statements. This is typically done at the escrow office or with a mobile notary. The broker ensures that all documents are complete and answers any last-minute questions to avoid delays.

The buyer wires the remaining down payment and closing costs to escrow, usually a day or two before closing. Escrow confirms receipt and prepares to release funds upon recordation. The broker reminds the buyer to avoid wire fraud by verifying account information directly with escrow.

On the official closing day, escrow records the deed with the county and confirms legal transfer of ownership. Once recording is confirmed, the broker delivers the keys to the buyer and celebrates the successful close. The home is now officially theirs.

Assist in completing rental applications and submitting them to landlords or property managers. Ensure all required documents are attached to avoid delays or rejection.