Once you both accept the offer, you will sign the purchase agreement and you’re now under contract.
Take a minute to celebrate!
However...don’t get too excited because the real work is just getting started. The buyer will be very busy as they move towards closing. Problems can arise and it’s possible there will be renegotiations on things like price, repairs, changes to the closing date, etc. Your work isn't done yet!
We're now moving into pre-closing.