Your Home is Pending! Here's What Happens Next

Congratulations! Your home is officially pending, which means the buyer’s offer has
been accepted. Here’s what happens next and what to expect from this point to
possession day.

1. Condition Period Begins

Most offers include conditions (such as financing, home inspection, or condo document
review).
● This period usually lasts 7–14 days
● The buyer works through their conditions
● Your home remains listed as “conditional sale”
👉 Your job: Keep the home in showing condition (just in case) and be available for
inspection access if needed.

2. Home Inspection (If Applicable)

If the buyer included an inspection:
● A licensed inspector will attend the property
● The inspection usually takes 2–4 hours
● Buyers may request repairs or credits afterward
👉 Your job: Ensure utilities are on, provide clear access to furnace, electrical panel,
attic, garage, etc.

3. Negotiations After Conditions

After inspections or reviews:
● The buyer may accept the home as-is
● Request repairs
● Request a price adjustment or credit
👉 Good news: I’ll handle the negotiations and guide you on what’s reasonable.

4. Conditions Are Removed 🎉

Once the buyer signs off on all conditions:
● The sale becomes firm
● The deposit is officially locked in
● We celebrate (quietly... until possession 😄)
👉 This is the biggest milestone before possession day.

5. Appraisal (If Required)

Some lenders require an appraisal:
● A professional appraiser visits the property
● This is typically quick and low-impact
👉 Your job: Same as inspection — easy access and tidy presentation.

6. Lawyer Time

Once the sale is firm:
● I’ll recommend a trusted real estate lawyer
● You’ll sign documents closer to possession day
● Your lawyer handles title transfer and funds
👉 Tip: Book your lawyer early — popular ones fill up fast.

7. Packing & Moving Plans

Now’s the time to:
● Book movers
● Change addresses
● Cancel or transfer utilities
● Decide what stays (per the contract) and what goes
👉 Reminder: Anything included in the sale must stay (light fixtures, appliances, etc.).

8. Final Walkthrough

Just before possession:
● The buyer completes a final walkthrough
● They confirm the home is in agreed-upon condition
👉 Your job: Leave the home clean, empty, and damage-free unless otherwise agreed.

9. Possession Day 🏡

● Funds transfer through the lawyers
● Keys are released
● The home officially belongs to the buyer
👉 Important: You must be fully moved out by the possession time stated in the
contract.

10. Celebrate & What’s Next

● Proceeds are deposited (timing depends on your lawyer)
● You’re officially sold!
● If you’re buying next — we roll straight into that plan

I’ll be with you every step of the way, handling deadlines, paperwork, negotiations, and keeping
everything on track — so you can focus on what’s next.

CENTURY 21 Maximum

Jacquie Bennett, Realtor®

Cell: (403) 505-3606

Email: jacquie.bennett@century21.ca

Office Address:

3617F 50 Ave, Red Deer, AB T4N3Y5

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