In California, a home transaction is officially closed when the sale is recorded with the county.
In most home sales, a grant deed that transfers ownership of the property from the seller to the buyer is recorded. The title company insuring the transaction against future unforeseen liens alerts all parties when the recording is complete.
This also represents the “closing” of the escrow, though the escrow officer still will need to distribute funds and issue final closing documentation to all parties.
The last step in the home-sale process? Buyer taking possession of the property.
Thinking about buying or selling a home? Want to discuss today’s best strategies? Call us today at 951-778-9700 or use the form below to request a 10-minute consultation.
Contact Form
illustration courtesy of stock images | freedigitalphotos.net
Recording the Sale and Closing the Escrow | Buying a Home in Riverside CA | Selling a Home | Brian Bean and Tim Hardin Dream Big Realty ONE Group