Inland Empire Real Estate
Serving Home Buyers and Sellers in the Cities of
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Step 5 - Closing Escrow in 30 Days or Less
Getting an offer is the start of the final stage of selling your home. We require buyers to submit evidence that they can complete the sale before we present their offer to sellers. A loan pre-approval letter says the lender has reviewed the buyer’s financial documents and is willing to loan up to a specific amount if the home selected by the buyer meets certain criteria and if the buyer continues to be eligible.
Sellers may get multiple offers, especially if the home is priced well. We evaluate the various offers and often ask for additional information from the buyers agents so the seller can make an informed choice based on price, terms, and the qualifications of each buyer.
When an offer is accepted, escrow opens and the MLS listing is changed to either “Pending” or “Backup” status. Pending means no other offers will be considered. Backup status indicates buyers may continue to visit the home and submit offers in case the first buyer is unable to complete the sale.
The escrow period moves quickly. Under the contract, the buyer generally has 10-17 days to get a home inspection, review the seller’s disclosures, and have an appraisal to satisfy the buyer’s lender that the home is worth the purchase price. Until those conditions, or contingencies, are met, the buyer can change his/her mind and get the entire deposit back. We are there for all inspections and appraisals, helping to give the inspector or appraiser a full understanding of the property and home values.
Our experience and expertise allows the seller to focus on getting packed and ready to move without worrying about making costly mistakes.
Ready to Sell Your Home? Call Us - (909) 261-3541 or (951) 833-7967
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