You should select a professional real estate agent to
represent your needs. Once you establish a working relationship
with your agent, your home is put on the market and marketed to
potential buyers. Once a buyer makes an offer on your home you
have three options: accept the offer, counter the offer, or
reject the offer. After you accept an offer you can expect to do
the following:
Escrow is opened and buyer deposits "earnest
money" into escrow.
Seller submits documents and information to escrow holder,
such as:
- addresses of lien holders
- tax receipts
- equipment warranties
- home warranty contracts (if any)
- any leases and/or rental agreements.
Seller approves and signs the escrow instructions, grant
deed and other related documents required to complete the
transaction.
Seller orders inspections, receives clearances and
approves final reports and/or repairs to the property as
required by the terms of the purchase and sale agreement
(responsibility for inspection procedures may vary).
Buyer and Seller fulfill any remaining conditions
specified in the contract and/or escrow instructions;
approves the pay off demands and/or beneficiary's
statements.
Buyer and Seller approve any final changes by signing
amendments to the escrow instructions or contract.
Note: The above is general information only. Your situation
may differ. Please consult your real estate professional for
details about your specific situation.
ext used with permission of theCalifornia
Association of Realtors The information presented on our site is deemed reliable but is not guaranteed
Sellers
- What to Expect When Selling Your Home
