Under Contract in Madison WI - What Happens After Your Offer Is Accepted

Under Contract on a Home in Madison WI: What Happens Next

Your offer has been accepted. Now what should you expect between contract and closing?

Going under contract is an exciting milestone, but it also marks the start of an important phase of the home buying process. In this episode of the Madison Home Buyer Academy, Cait Berry of Insiders Realty walks Madison buyers through what happens after an offer is accepted so nothing catches you off guard and your closing stays on track.

The Contingency Period and Why It Matters

Once you are under contract, the contingency period begins. This is when several key steps take place behind the scenes to confirm the home, the financing, and the overall transaction. Cait explains that this window is designed to protect you as a buyer, giving you time to verify that the home and loan align with your expectations.

Staying organized and responsive during this phase helps prevent delays and keeps the process moving smoothly.

Scheduling the Home Inspection

One of the first steps after going under contract is scheduling your home inspection. This allows a licensed inspector to evaluate the condition of the property and identify any issues that may need attention. Cait helps buyers understand which findings are typical, which ones may require negotiation, and how to decide next steps if concerns arise.

The inspection period is not about finding a perfect home. It is about making informed decisions with clarity and confidence.

Understanding the Appraisal and Financing Process

While inspections are underway, your lender orders an appraisal to confirm that the home’s value supports the agreed upon purchase price. Cait explains how this step fits into your financing and what happens if the appraised value comes in higher, lower, or right on target.

During this time, buyers also work closely with their lender to finalize documentation and keep the loan on schedule.

Behind the Scenes Work with Title and Lenders

Much of the work during this phase happens behind the scenes. Title companies verify ownership, review records, and prepare the documents needed for closing. Cait coordinates with all parties to ensure timelines are met and questions are addressed promptly.

This coordination is critical to avoiding last minute surprises.

The Final Walkthrough and Closing Day

As closing approaches, buyers complete a final walkthrough to confirm the home is in the agreed upon condition. Cait walks buyers through what to look for and how to feel prepared going into this last step.

On closing day in Wisconsin, paperwork is signed, funds are transferred, and ownership officially changes hands. Knowing what to expect helps closing day feel exciting rather than stressful.

Bottom line

Going under contract is more than a celebration. It is a structured process designed to protect you and guide you to the finish line. When you understand what happens next, stay organized, and work with a local expert, you can move through inspections, financing, and closing with confidence and clarity.