understanding escrow: Southern Cal Home Buying Video ~ Offer Accepted Now What's Next?
- 04/29/11 05:21 AM
If you're a Southern California home buyer you may be asking yourself "now that we've had our offer accepted, what happens next?"
That' a question I'm asked a lot when it comes to home buying in Orange Co. CA or anywhere in So Cal. First, congratulations and here's an idea from my perspective of what you can expect next:
1. Escrow is opened with a third-party neutral entity that works on behalf of both the buyer and seller.
2. Your deposit is normally placed into escrow based on the terms in the CA Residential Purchase Agreement within 3 business days of acceptance of offer.
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If you're a Southern California home buyer you may be asking yourself "now that we've had our offer accepted, what happens next?"
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