So, you’ve done it—your offer on a home in Sherwood Park has been accepted! Congrats! ???? Now comes the next phase: turning that accepted offer into keys in hand. The process from offer acceptance to closing (when ownership is legally transferred) in Alberta has several key steps. Knowing what to expect, and when, helps reduce stress and avoid surprises.
Below is a typical timeline and checklist of what happens after your offer is accepted in Sherwood Park, Alberta, plus tips from your local realtors Blu Erick & Jenniffer Erick of MaxWell Polaris. If you ever want personalized guidance through any of these steps, call Blu at 780‑819‑5309 or Jenniffer at 780‑887‑5308.
Approximate Timeline Overview
Most home purchases in Sherwood Park (and more broadly in Alberta) take about 30‑60 days from accepted offer to the legal closing, though this can vary depending on financing, title work, inspections, etc. Jenga Homes Inc.+2edmontonrealestate.ca+2
Step‑by‑Step: After Offer Is Accepted
Here are the common steps a buyer in Sherwood Park will go through. The timing between steps can overlap; sometimes multiple are happening at once.
| Time after acceptance | What Happens | Who’s Involved | What You Should Do |
|---|---|---|---|
| Days 1‑3 | Remove any subjects / condition period begins | Buyer, real estate agent, sometimes mortgage broker / lender | If your offer has subjects (financing, inspection, title, etc.), begin satisfying them right away. E.g., contact your lender, schedule a home inspection. |
| Days 3‑7 | Home inspection | Licensed home inspector, your agent | Attend the inspection, review the report, decide if you need repairs/negotiate. |
| Days 5‑10 | Financing finalization & appraisal | Lender / mortgage broker, appraiser | Submit any required documents to your lender. The lender will order an appraisal to ensure the property’s value supports the loan. hellomortgage.ca+2gvre.ca+2 |
| Days ~7‑14 | Title/paperwork & legal work begins | Real estate lawyer, title office | Your lawyer will perform a title search, verify there are no liens or complications, review the purchase agreement in detail. |
| Between days 14‑30 (or more) | Final loan approval / mortgage commitment | Lender, lawyer, you | Once all conditions are met (inspection, appraisal, financing), the lender gives final mortgage approval. You’ll also confirm insurance, finalize any required documents. |
| 1‑2 days before closing | Final walkthrough / possession arrangements | You, your agent, possibly sellers | Make sure everything in the home is as agreed (repairs done, no damage, included fixtures/appliances are present). Also ensure utilities, insurance are in place. |
| Closing Day | Legal closing & transfer of ownership | Lawyer(s), your lender, seller | You will sign all closing documents, the funds are transferred, title registered in your name. Once registered, you receive the keys and take possession. |
Closing Day: What to Expect
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You’ll meet with your lawyer (or electronically via secure process) to sign final documents.
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Your lawyer will ensure the required funds (down payment, closing costs, etc.) are collected and transferred.
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Title gets registered with the Land Titles Office, making the property legally yours. Jenga Homes Inc.+2Calgary Homes+2
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The seller’s side gets their proceeds (minus any outstanding mortgage, fees, adjustments).
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Finally, keys are handed over (or made ready for you) so you can move into your new Sherwood Park home!
Costs & Things to Budget For
It’s not just the purchase price you need to plan for. Here are some typical closing costs and extra expenses in Sherwood Park, Alberta:
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Legal / lawyer fees
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Title search / title insurance
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Appraisal fees (if required by lender)
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Home inspection cost
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Home insurance (usually required before closing)
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Adjustments for taxes or utilities (prepaid amounts by seller)
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Miscellaneous (moving costs, utility hook‑ups, deposits)
Blu & Jenniffer always recommend over‑budgeting a bit so that unexpected items don’t derail the closing date.
Common Delays & Things to Watch Out For
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Financing delays: If the lender needs more documentation or the appraisal comes back lower than expected.
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Inspection issues: Sometimes big issues come up in inspection that need renegotiation.
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Title or legal complications: Liens, survey issues, or missing documentation can slow things.
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Possession date vs closing date: Sometimes buyers and sellers agree on possession (when you can move in) that’s after the legal closing. Make sure this is clear in your agreement.
Why Working with Local Experts Matters
Having a realtor who knows Sherwood Park and Alberta real estate law, financing norms, and local inspections/contractors can make a big difference. With Blu Erick (780‑819‑5309) and Jenniffer Erick (780‑887‑5308) from MaxWell Polaris by your side, you’ll get guidance through every step: ensuring conditions are met on time, legal matters handled properly, and nothing is forgotten.
Your Sherwood Park Buyer’s Checklist (After Offer Accepted)
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✅ Satisfy offer subjects: financing, inspection, etc.
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✅ Book home inspection promptly
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✅ Submit documents to lender & get appraisal done
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✅ Hire a real estate lawyer / begin title work
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✅ Arrange home insurance and verify what’s included in the purchase
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✅ Prepare closing funds & closing cost estimates
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✅ Do final walkthrough
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✅ Get keys + possession date sorted
If you'd like a personalized timeline based on your purchase situation, or an estimate of your closing costs in Sherwood Park, reach out!
Contact Blu Erick at 780‑819‑5309 or Jenniffer Erick at 780‑887‑5308.
MaxWell Polaris Realty – helping make your home buying in Sherwood Park smooth, transparent, and stress‑free.
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