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How It Works
Contact our team by filling out the short form below or call us and answer a few questions about your property. Next, we put together an offer and send it to you.
Typical Process After a Homeowner Accepts an Offer
1. Purchase Agreement Is Signed
The seller signs:
- Purchase agreement
- Required California disclosures
- Any addendums
This creates a binding contract between buyer and seller.
2. Escrow Is Opened
A neutral third party (escrow company) opens escrow.
Escrow typically:
- Holds deposits
- Collects documents
- Coordinates signatures
- Pays off liens/mortgages
- Handles the transfer of funds and title
In California, escrow companies are commonly used instead of attorneys.
3. Buyer Deposits Earnest Money
The buyer usually deposits earnest money into escrow within:
- 1–3 business days
This shows good faith.
4. Inspections / Due Diligence
Depending on the agreement, the buyer may:
- Inspect the property
- Review title
- Verify liens
- Review HOA docs
- Confirm condition
- Verify occupancy
For investor or cash purchases, this step is often faster and simpler than traditional retail sales.
5. Financing (If Applicable)
If the buyer is getting a loan:
- Appraisal may be ordered
- Underwriting occurs
- Final loan approval is issued
Cash buyers can often skip much of this.
6. Seller Continues Preparing for Move
The homeowner may:
- Pack belongings
- Coordinate moving
- Request rent-back if needed
- Arrange utility shutoff/transfer
Some direct buyers offer flexible move-out timing.
7. Escrow Prepares Final Closing Documents
Escrow calculates:
- Mortgage payoff
- Taxes
- Fees
- Credits
- Net proceeds to seller
The seller receives an estimated settlement statement.
8. Seller Signs Final Documents
Usually completed:
- At escrow office
- Through mobile notary
- Or electronically in some cases
The seller signs:
- Grant deed
- Closing disclosures
- Escrow instructions
9. Funds & Recording
The buyer sends final funds.
Then:
- Escrow records the deed with the county
- Ownership officially transfers
In Riverside County, recording is typically done through the county recorder’s office.
10. Seller Receives Proceeds
After recording:
- Escrow wires or issues seller proceeds
- Mortgage and liens are paid off
- Transaction officially closes
Typical Timeline in California
| Sale Type | Typical Closing Time |
|---|---|
| Traditional financed buyer | ~25–45 days |
| Cash investor/direct buyer | ~7–21 days |
| Wholesale/assignment scenario | Often ~7–21 days |
Important for Sellers to Understand
Not every buyer closes the same way.
Depending on the agreement, a company may:
- Purchase directly,
- Assign contractual interest,
- Or partner with another buyer/investment group to complete the transaction.
That’s why sellers should always:
- Read the agreement carefully
- Ask questions
- Review timelines and contingencies
- Understand who is responsible for closing costs and repairs
- Consult legal/tax professionals if needed
We are experienced real estate investors in Menifee, California and specialize in off-market properties.