What Happens After You Go Under Contract on a Home in Chesterfield?

Getting an offer accepted is exciting — but for many buyers, it’s also the moment when questions really start.

“What happens next?”
“How long does this take?”
“What could go wrong?”

Here’s a clear breakdown of what typically happens after you’re under contract on a home in Chesterfield.

Step 1: Home Inspection

Shortly after going under contract, buyers schedule a home inspection.

This helps uncover:

• Structural concerns

• Safety issues

• Maintenance red flags

After the inspection, buyers can negotiate repairs, credits, or move forward as-is — and I guide my clients through every option.

Step 2: Appraisal

Next, the lender orders an appraisal to confirm the home’s value.

If the home appraises at or above the purchase price, great.
If it doesn’t, we explore options — including renegotiation or strategy adjustments — without panic.

Step 3: Loan Processing

During this phase, your lender finalizes:

• Income and asset verification

• Credit review

• Loan approval conditions

Staying responsive here helps avoid delays.

Step 4: Title Work & Insurance

The title company ensures the home can legally transfer to you, while buyers finalize homeowners insurance.

This step protects you long after closing.

Step 5: Final Walkthrough

Just before closing, buyers do a walkthrough to confirm:

• Agreed repairs are complete

• The home is in expected condition

This is your chance to double-check everything before signing.

Step 6: Closing Day 🎉

On closing day, paperwork is signed, funds are transferred, and keys are released.

From contract to closing, the process typically takes 30–45 days in Chesterfield, depending on the loan type and transaction details.

Why This Matters

Understanding the process removes fear and replaces it with confidence.

My goal is always to make sure buyers know:

• What’s happening

• Why it matters

• What comes next

If you’re thinking about buying in Chesterfield or the greater Richmond area, having a clear plan makes all the difference.