Home Purchase Timeline California

By
Real Estate Agent with Allison James Estates & Homes 01079287

 

 

 

Home Selling or Purchase Time-lines for California This is for standard RPA. Changes to time-lines can always be varied to meet buyer and seller needs.

 

 

*Offer written seller has 3 days to respond unless other wise noted

*Length of escrow noted RPA pg 1 #1. D.

*Counter offers 3 days to respond unless other wise noted

*Open escrow within 3 days of both parties signing the RPA

*Buyer has three days after escrow is open to put the deposit in escrow *Buyer has 3 days after offer accepted to provide seller with proof of funds (bank statement COP) to close escrow, loan DU approval letter from reputable direct lender unless attached with offer.

*Seller has 7 days to give buyer all disclosures and any reports (wood destroying pest)

*Buyer has 17 days to complete any inspections they pay for all inspections desired mold, roof, Home Inspection etc *Buyer to submit any requested repairs to seller.

* Seller there is not a written time-line to respond but usually 24 hours is acceptable to move forward and respond to buyer repair request or credit or cancel the contract.

*Buyer has 21 days to remove the loan contingency

*Appraisal contingency 17 days after acceptance

*Any agreed on repairs to be completed 7 days before close of escrow

* Buyer reviews and or signs loan documents 7 days before scheduled close of escrow

*Buyer reviews their lenders closing costs and accepts

*Lender funds the loan in escrow

*Escrow sends transfer of ownership to the county to be recorded. Once recorded by the county escrow closes.

*Buyer takes possessions per RPA #9. B.

 

Please note: Lender required repairs Section #1 wood destroying pest clearance required by most all lenders. To get a clearance repairs must be completed 7-10 days before buyer signs loan docs and or Close Of Escrow

 

TERE RICE REALTOR BRE #01079287 Allison James Estates & Homes

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Realtor simple guideline to guesstimate a Homes values! Comparing apples with oranges? How to set values for embellishments? Do you think the old adage of Value equals Location, Location, Location, is true? Views, Pools, special interest additions can add desirability, and then Granite Counters, Travertine flooring, condition, square footage and any embellishments, upgrades, updates you can add to a property is worth 60-70% of the cost. This value will also be depreciated over time. Example would you consider if a twenty year old solid oak cabinette's
value even in good condition is equal in value to cabinets in the newer current color, or are they? Objective would be desirability.

Location is the basis for value. Like Homes within a one mile radius share values, and can be evaluated by sales per square foot within the last 3+ months. Pulses

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Tere Rice

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