Step 1: Accept an Offer
The buyer and seller agree on price and terms.
Step 2: Open Escrow
Funds and documents begin moving through the closing process.
Step 3: Complete Inspections
The buyer evaluates the property's condition.
Step 4: Finalize Financing
The lender completes underwriting and loan approval.
Step 5: Resolve Contingencies
Any inspection, financing, or appraisal issues are addressed.
Step 6: Complete Title Work
Ownership records are reviewed and cleared for transfer.
Step 7: Sign Closing Documents
The buyer and seller sign the required paperwork.
Step 8: Transfer Ownership
Funds are disbursed, ownership is recorded, and the transaction is complete.