Important Events
Your Date
Day 0
The contract is accepted by both parties/acceptance is confirmed.
Day 1
The first day AFTER acceptance. All contingencies based on “days after acceptance” or similar wording, start on this date.
Day 3
The last working day for the buyers to deliver their deposit to escrow, which will be held in a non-interest bearing account.
Day 7
The last day for us to deliver your disclosures to the buyers.
Day 17
Typically, the last day for your buyers to remove many of their contingencies in writing. This includes Discovery (Inspections), Disclosures & Reports, HOA CC&R’s (if applicable) and Appraisal. This time frame may have been negotiated to a different number of days in the contract.
Day 17
This is the last day for your buyers to remove their Loan contingency in writing.
COE minus 5-10 Days
You will need to sign your Grant Deed. This needs to be notarized and can be done at the Escrow Office.
COE minus 5 Days
The first day the buyers can perform their final walk-through of the property to ensure it is in an acceptable condition. Don’t forget to schedule your utilities to turn off at closing.
COE minus 1 Working Day
Loan funding day. The buyers’ lender provides funds to escrow so that your sale can occur. If funds don’t arrive, escrow closing will be delayed.
COE (Close of Escrow)
The deed is recorded at the County Recorder’s Office. You have sold your home. The time and date when you must physically vacate your home is specified in the contract.
Escrow time periods are typically 30-45 days, beginning on day 1. All numbers of days above are calendar days, except for the three days allowed for the buyers’ deposit to be brought into escrow. That timeframe is calculated in business days.
The following links will provide valuable information if you are planning the sale of your home:
- OVERPRICING YOUR HOME – Overpricing your home can deter potential buyers and lead to your property sitting on the market longer than necessary, ultimately impacting its final sale price.
- SELLER’S ESCROW PLANNING TIMELINE – Our Seller’s Escrow Planning Timeline helps you stay organized and on track with key deadlines and tasks throughout the selling process, ensuring a smooth and successful transaction.
- SELLER DO’S AND DONT’S – When selling your home, it’s important to follow these do’s and don’ts to maximize your chances of a successful sale and a smooth transaction.
- MOVING CHECKLIST – Our moving checklist provides a comprehensive guide to help you stay organized and on track during the moving process.
- COORDINATING A SALE & PURCHASE – Coordinating the sale of your current home with the purchase of a new one can be complex. We outline the four primary approaches to handle this situation, ensuring you find the one that’s right for you.