Your offer has been accepted, and now you're ready to open escrow. What now? These easy to understand milestones should help prepare you for the next 30-45 days.
Buyer and seller have agreed to terms and have signed a contract. Buyer's deposit money will go into escrow.
RECEIVE OPENING PACKAGE
This is paperwork you need to complete, sign and send back to escrow. Requires information like social security number, insurance and vesting information.
COMPLETE DUE DILIGENCE
Inspections happen. It's important they take place as intended so you are buying what you agreed upon with the seller.
LOCK IN YOUR LOAN WITH LENDER
This will be more paperwork with your lender.
RENEGOTIATION AND AMENDMENTS
May take place at this time. Escrow will send more paperwork to sign if needed.
RECEIVE ESTIMATED CLOSING STATEMENT
Review all fees and costs of closing.
ESCROW REVIEWS LOAN DOCUMENTS FROM YOUR LENDER
Escrow arranges for buyer to sign with a notary. Buyer deposits final funds. Escrow works with buyer's lender to fund the file, meeting any of their remaining conditions. Lender funds and Escrow sets the file to record