All contingencies have been removed.
Now is when you can feel a bit of relief as we are on our way to closing. The next step is for the buyer to bring all remaining money into escrow so they can get those funds to the appropriate party and we can close and fund on the loan. The buyer will most likely do a final inspection to make sure the home is in the same condition as it was when they made the offer as well as to make sure any and all requests have been completed.
Once loan documents come into the title company both the buyer and seller will sign. In California, After you sign it takes generally around 2-7 days to close depending on if it’s cash or if there is a loan involved. If there is a loan, we can close once all prior to funding conditions have been met by the lender and the funds have been released to record.
Once we record, the home is now owned by the buyer and the buyer can take occupancy. The Seller needs to be out of the home on the day it closes unless prior terms have been mutually agreed upon for the seller to remain in possession of the property.
Congratulations you are now officially done, your home is sold. And as always reach out to me for all things real estate. We protect you while growing your real estate wealth!