Offer Accepted? Here’s What Happens Next in the Chicago Suburbs

Your offer’s been accepted, congratulations! But before you start packing, there are critical next steps to keep your purchase on track. Many buyers in the Chicago suburbs, including DuPage County communities like Glen Ellyn, Wheaton, and Lombard, don’t realize how time-sensitive this stage of the process is. Missing a deadline can put you in breach of contract or even jeopardize the sale. Here’s what to expect once your offer is accepted.

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Submit Paperwork and Start the Attorney Review

The first five days after acceptance are crucial. All purchase paperwork needs to be sent to your attorney and lender immediately. During this period:

• Your attorney will review the contract, request modifications if needed, and ensure you’re protected legally.

• Your lender will start processing the loan and order the appraisal.

This five-day attorney review and inspection window is standard in DuPage County, and staying on top of it keeps the deal moving smoothly.

Deposit Your Earnest Money Right Away

Your earnest money must be deposited with the agreed-upon party, whether it’s the listing broker, attorney, or title company. This shows the seller you’re serious and keeps you compliant with your contract timelines.

Schedule Your Inspections Quickly

Once the review period begins, schedule all necessary inspections. At minimum, most buyers in the Chicago suburbs opt for:

• General home inspection

• Radon inspection

Depending on the property’s age and condition, you might also need:

• Well and septic inspections

• Mold inspection

• Termite inspection

Your real estate team will guide you on which inspections make sense for your home in areas like Glen Ellyn or Wheaton.

Review Reports and Negotiate Repairs

After inspections are complete, review the reports with your agent. You’ll decide whether to:

• Request repairs or replacements

• Ask for seller credits

• Move forward as-is

This step can involve negotiation, and having an experienced agent can make a big difference in getting the right outcome.

Stay in Close Contact with Your Lender

Your lender’s underwriters will likely request additional documentation, so respond quickly to avoid delays. The appraisal should ideally come in at or above the agreed purchase price. If it doesn’t, you may need to renegotiate, depending on what’s outlined in your contract.

The Bottom Line

The first week after your offer is accepted moves fast, but with the right guidance, you’ll stay on track and one step closer to homeownership. From inspections to appraisal, we’ll help you manage every detail and meet every deadline.

Have questions about buying or selling in DuPage County? We’re happy to help, just reach out!