Is accepting an offer on my house the end of the negotiations?

Is accepting an offer on my house the end of the negotiations?

Chad Lund (Real Estate Agent) gives expert video advice on: What is considered a 'reasonable offer'?; How do I know if I should take the first offer?; Why are some perfectly good offers rejected? and more...

Accepting an offer on your home is definitely not the end of negotiations. That really starts the procedure. Escrow opens, the buyer then goes in and does his physical inspection. Through the physical inspection the buyer may find several issues with the home which then would start new negotiations. Whether it be plumbing, foundation or roof issues, that's basically the second phase of the deal.