What happens after a buyer and seller agree on a price for a home?

When a buyer and seller agree on a price for a home, the offer is then submitted to the seller’s real estate agent or attorney. The seller rejects the offer, accepts the offer, or submits a counteroffer to the buyer. At this point, the real estate agent representing the buyer sets up an escrow with an escrow company to handle all the paperwork.

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UPDATED: Jul 16, 2021

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