Sellers Typical Costs

  • Real estate commission
  • Disclosure Report-natural hazard report
  • Home Warranty, Existing Encumbrances
  • Transfer Tax -City County Convenience

The Sellers

  • Accepts Buyer’s Offer to Purchase an initial good faith deposit to open escrow.
  • Submits documents and information to escrow holder, such as: addresses of Lien holder, tax receipts, equipment warrantees, home warranty contracts, any leases and/or rental agreements.
  • Approves and signs the escrow instructions, grant deed and other related document required to complete the transaction.
  • Orders inspections, receives clearance, and approves final reports and/or repairs to the property as required by the terms of the purchase and sale agreement.
  • Fulfills any remaining conditions specified in the contract and/or escrow instructions; approves the payoff demands and/or beneficiary’s statements.
  • Approves any final changes by signing amendments to the escrow instructions or contract.
  • Receives an order for a title service.
  • Examines the public records affecting the real property and issues a preliminary report. Determines the requirements and documents needed to complete the transaction and advises the escrow officers and/or agents.
  • Reviews and approves the signed documents, releases in the order for title insurance, prior to closing date.
  • When authorized by the escrow officer, records the signed documents with the County Record Recorder’s office and prepares to issue the title insurance policies.