How the California escrow process looks

1

DAY 1: OFFER

The buyer and seller agree on a purchase price. The home closing process has begun!

2

WEEK 1: ESCROW OPENED

Earnest money by the buyer into the newly opened escrow account.

3

WEEK 1+: INSPECTIONS BEGIN

May include termite, agent visual, home, lender appraisal inspections.

4

WEEK 2: REPAIRS NEGOTIATED

All negotiations or requests resulting from inspection results happen now.

5

DAY 17: CONTINGENCY RELEASES

Get your pen or DocuSign ready! Contingency releases involve signing paperwork.

6

DAY 21: LOAN APPROVAL

The buyer must get the loan approved from the appraisal to ensure they will be able to secure the funds for closing.

7

DAY 22: REPAIRS BEGIN

The seller will have the necessary repairs carried out, ensuring the house is in the agreed upon state when the sale is complete.

8

WEEK 4: FUNDING SECURED

The appraisal has been completed and the buyer can officially finalize securing of funds for the purchase.

9

<5 DAYS TO CLOSE:
FINAL WALK-THROUGH

An optional walk through is offered to the buyer at this point.

Ready to start the escrow process today?

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