Navigating the 30 Days After Going Under Contract in Henry County

Congratulations—you found the home you've been searching for, and your offer has been accepted!

For many buyers, reaching the "under contract" stage feels like crossing the finish line. In reality, it's the beginning of one of the most important parts of the home-buying journey.

The next 30 to 45 days are filled with important milestones that help ensure you're making a sound investment before closing day. Understanding what happens during this period can reduce stress, keep your transaction on track, and help you feel confident every step of the way.

Here's what you can typically expect after going under contract on a home in McDonough or anywhere in Henry County.

Step 1: Submit Your Earnest Money Deposit

One of the first steps after your offer is accepted is submitting your earnest money deposit.

Earnest money is a good-faith deposit that demonstrates your commitment to purchasing the property. The amount is outlined in your purchase agreement and is typically held by the closing attorney or another agreed-upon escrow holder until closing.

If the transaction closes successfully, the earnest money is generally applied toward your closing costs or down payment.

Step 2: Schedule Your Home Inspection

A professional home inspection is one of the most important parts of the process.

During the inspection, a licensed inspector evaluates the home's major systems and components, including:

• Roof
• HVAC system
• Plumbing
• Electrical system
• Foundation
• Windows and doors
• Appliances
• Structural components

The inspection helps identify potential concerns so buyers can make informed decisions before moving forward.

If repairs are needed, your real estate agent can help negotiate solutions with the seller based on the terms of the contract.

Step 3: Complete the Loan Process

Once you're under contract, your lender begins finalizing your mortgage.

This typically includes:

• Verifying employment and income
• Reviewing financial documents
• Confirming assets
• Completing underwriting
• Issuing conditional loan approval

Responding quickly to any lender requests helps keep your closing timeline on schedule.

Step 4: The Home Appraisal

If you're financing your purchase, your lender will usually order an appraisal.

An appraisal estimates the home's market value to confirm it supports the agreed-upon purchase price.

The appraiser evaluates factors such as:

• Comparable home sales
• Property condition
• Location
• Size and layout
• Overall market conditions

If the appraisal comes in at or above the purchase price, the transaction typically continues as planned. If it comes in lower, your agent can explain the available options based on your contract.

Step 5: Title Search and Closing Preparation

While inspections and financing are underway, the closing attorney performs a title search.

This process helps confirm that the property's ownership can be transferred without unresolved legal issues, such as liens or ownership disputes.

During this time, you'll also receive updates about:

• Homeowners insurance
• Utility transfers
• Closing disclosures
• Final loan documents

Many of these details happen behind the scenes, but they're essential to a successful closing.

Step 6: The Final Walk-Through

A day or two before closing, you'll complete a final walk-through of the property.

This is your opportunity to confirm:

• Agreed-upon repairs have been completed (if applicable)
• The home is in substantially the same condition as when you made your offer
• Included appliances and fixtures remain in place
• There are no unexpected issues before closing

Think of it as your final peace-of-mind check before signing the paperwork.

Step 7: Closing Day

Closing day is when everything comes together.

You'll meet at the closing attorney's office to:

• Sign the final documents
• Review your closing disclosure
• Provide any required certified funds
• Complete the transfer of ownership

Once all documents have been signed and the transaction has been finalized, you'll receive the keys to your new home.

Congratulations—you’re officially a homeowner!

How to Keep Your Closing on Track

While much of the process is handled by your lender, attorney, and real estate professional, there are a few things buyers can do to help avoid delays:

• Respond quickly to requests for documentation.
• Avoid making major purchases or opening new lines of credit before closing.
• Stay in regular communication with your lender and real estate agent.
• Schedule inspections and appointments as soon as possible.
• Ask questions whenever something isn't clear.

A little preparation can make the entire process much smoother.

Final Thoughts

Going under contract is an exciting milestone, but it's only one step in the home-buying journey. The following 30 to 45 days are designed to protect both your investment and your future homeownership experience.

With the right guidance and a clear understanding of each step, you'll be well-prepared for closing day and the exciting chapter that follows.

Thinking about buying a home in McDonough or anywhere in Henry County?

Whether you're just beginning your search or already under contract, I'm here to guide you through every step of the process with confidence and local expertise.

FAQs

How long does it take to close on a home in Georgia?

Many transactions close in approximately 30 to 45 days, although timelines can vary depending on financing, inspections, and contract terms.

What is earnest money?

Earnest money is a good-faith deposit that shows a buyer is committed to completing the purchase. It is typically credited toward the buyer's costs at closing.

Is a home inspection required?

While not always required, a professional home inspection is strongly recommended because it helps buyers understand the property's condition before closing.

What happens if the appraisal comes in low?

Your options depend on the terms of your contract and discussions between the buyer, seller, lender, and real estate professionals involved.

When do I get the keys?

In most cases, buyers receive the keys after all closing documents are signed and the transaction has been completed.