What Exactly Constitutes Closing a Sacramento Escrow

By
Real Estate Agent with Lyon Real Estate BRE #00697006

Right after contract acceptance, my transaction coordinator sends out an estimated timeline for the transaction. Which I forward to the seller. And you can bet they keep an eagle eye on that timeline, LOL. The day before the first contingency release is due, often a seller is on the phone to me, asking for our next-step plan if we don't get it.

Clients truly keep us on the ball. Which means by sharing all of the details with our sellers, we had better perform on time. I imagine some agents don't share timelines because maybe they don't want to be held accountable.

But closing, well, that is another story. Sometimes we sign extensions we don't need in the interest of making sure we remain in contract. You can read more in my personal blog today at this link: Sacramento Home Selling: When is Escrow Over and Closed?

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Elizabeth Weintraub is an author, home buying expert for About.com, a Land Park resident, and a veteran real estate agent who specializes in older, classic homes in Land Park, Curtis Park, Midtown and East Sacramento, as well as tract homes in Elk Grove, Natomas, Roseville and Lincoln. Weintraub is also a Sacramento Short Sale agent who lists and successfully sells short sales throughout the four-county Sacramento area with an emphasis on Elk Grove. Call Elizabeth Weintraub at 916.233.6759. Put 40 years of real estate experience to work for you. Broker-Associate at Lyon Real Estate. BRE License # 00697006.

The Short Sale Savior, by Elizabeth Weintraub, available with free shipping.

Photo: Unless otherwise noted in this blog, the photo is copyrighted by Big Stock Photo and used with permission.The views expressed herein are Weintraub's personal views and do not reflect the views of Lyon Real Estate. Disclaimer: If this post contains a listing, information is deemed reliable as of the date it was written. After that date, the listing may be sold, listed by another brokerage, canceled, pending or taken temporarily off the market, and the price could change without notice; it could blow up, explode or vanish. To find out the present status of any listing, please go to elizabethweintraub.com.

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when is escrow over and closed
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Ambassador
1,648,219
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

We also send out a timeline calendar. Helps everybody stay on track.  Have a great Monday, Elizabeth. D 

May 21, 2018 09:29 AM #1
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Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Elizabeth- you are so right...agents do this all of the time but the rest of us may do it just a few times in our lives. A seller may not understand that just because they still have the key to their former house, doesn't mean it's ok to go in. 

May 21, 2018 07:03 PM #2
Rainmaker
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Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Elizabeth, all clients, buyers and sellers need to know how the timeline will go.  Hopefully smoothly.

May 22, 2018 06:36 AM #3
Rainmaker
501,775
Hella M. Rothwell, Broker/Realtor®
Carmel by the Sea, CA
Rothwell Realty Inc. CA#01968433 Carmel-by-the-Sea

Elizabeth, even listing agents seem to get confused as to when a transaction is closed. I've had several LA's ask me for paperwork that their brokerage needs AFTER recording. They should have made sure they had it BEFORE it "closed". Sorry, I don't send out anything afterwards.

May 24, 2018 07:46 AM #4
Rainmaker
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Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents
Lyon Real Estate - Sacramento, CA
Put 40 years of experience to work for you

Hella M. Rothwell, Broker/Realtor® It's amazing how many people think they can keep signing and delivering documents after closing . . . Didn't they hear the bell? Game over, take your seats.

May 24, 2018 08:50 AM #5
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