PRESENT YOUR OFFER TO THE SELLER
I will present your offer; the seller will accept, counter or reject your offer.

COUNTER OFFER
Sometimes several counter offers are presented before the final details are accepted.

Once your offer is accepted…

ESCROW
Escrow is opened with a title company, usually by the listing or selling agent. Deposit money is placed with the title company. A preliminary Title Report is issued and copies are sent to you, me (as your Realtor), and your lender. Escrow instructions are initiated.

LOAN APPLICATION
Submit a completed loan application to the lender of your choice with all necessary
documentation.

CONTINGENCY PERIOD
You receive and approve Seller’s Real Estate Transfer Disclosure Statement. You approve Preliminary Title Report. Physical inspection/pest inspections are completed. Property appraisal and loan approval are in progress.

HOMEOWNER INSURANCE COVERAGE
You will obtain a Homeowner Insurance Policy for your new home and insurance information is given to escrow. Escrow orders a copy of the Homeowner insurance policy for the new lender prior to escrow closing.

SIGNING DOCUMENTS AT THE TITLE COMPANY
You will need to bring current photo ID to sign notarized loan documents. Copies of title and lender documents will be given to you.

DOWN PAYMENT & CLOSING COST
A cashier’s check or funds wired to the title company is required for any balance due.

FUNDING
The lender sends loan proceeds to the title company.

CLOSE OF ESCROW
The title company records the deed and other pertinent documents at the County Recorder’s office. (You will receive the original grant deed back from the county recorder in approximately 6 weeks.) The keys are delivered from the seller to you according to the purchase contract.

CONGRATULATIONS, YOU ARE NOW A PROUD HOMEOWNER!