It depends by "bid" if you won at auction or an offer on a purchase and sales. If it is in auction you will need to abide by teh auction terms on deposit and closing date. If it is a purchase and sales, then as well you have to abide by what was included on your offer. In most cases you first need seller signatures, then will meet with your loan officer and finalize your mortggae application so it is in process, then will complete a home inspection with any results to the seller within 7 days, your loan officer will order the appraisal, you will receive a committment letter and should then close. That is it in a nutshell but check your purchase agreement for things that are specific to your purchase, your buyer broker should guide you, if you went at it alone you may want a lawyer to review your docs for guidance. good luck with your purchase.