What to Expect as a Seller Once You Go Under Contract on a Home in Phoenix

Congratulations! You’ve accepted an offer on your home in Phoenix, and you’re officially under contract. This is a huge milestone, but it’s not quite time to pop the champagne just yet. The path from contract to closing can be a whirlwind, and knowing what to expect can help you navigate it with confidence.

1. The Inspection Period 🕵️‍♂️

Once you’re under contract, the buyer typically has a set period (usually 10 days in Arizona) to inspect the home. Expect a home inspector to visit, and possibly specialists for things like the roof, HVAC, or pool. Don’t be surprised if the buyer requests repairs or credits based on what’s found. This is where negotiation skills—and a cool head—come in handy.

2. Appraisal and Financing 🏦

If your buyer is using a mortgage, an appraiser will visit to determine the home’s value. Ideally, the appraisal will meet or exceed the contract price. If it comes in low, you may need to negotiate again—either lowering your price, asking the buyer to bring more cash, or meeting somewhere in the middle.

Meanwhile, the buyer’s lender will be working behind the scenes to finalize the loan. You may be asked for access to the property for additional visits, like the appraiser or final walk-through.

3. Title and Escrow Process 📑

The title and escrow company will handle much of the paperwork, ensuring your home’s title is clear and that funds are safely managed. You’ll be asked to provide identification and may need to sign documents in person or electronically. Stay responsive to requests for information—it helps keep things moving smoothly.

4. Packing and Moving 🚚

As closing day approaches, start packing up. Remember, the home should be "broom clean" and free of your belongings unless otherwise agreed. Schedule your movers early, and don’t forget to arrange utilities to be turned off or transferred after closing.

5. The Final Walk-Through 👀

Typically, the buyer will do a final walk-through within a few days of closing to ensure the home is in the agreed-upon condition. This isn’t another inspection, but a chance to confirm repairs were made and the property is ready for its new owner.

6. Closing Day! 🎉

On closing day, you’ll sign the final documents, hand over the keys, and receive your proceeds (often via wire transfer). In Arizona, the transaction officially closes when the deed is recorded with the county—which can happen the same day or the next business day after signing.

Final Thoughts

Selling a home in Phoenix is a team effort, and your real estate agent, escrow officer, and other professionals are there to guide you. Stay communicative, flexible, and organized, and you’ll be handing off the keys with a smile in no time.