Step 16 - Close Escrow.
Prior to closing escrow, you will be provided with a "Pre-Seller's Closing Cost" statement which itemizes all of the charges (debits) and credits in your transaction and a final "net" sales figure. It is important that you carefully scrutinize this document to ensure its accuracy.

When all of the conditions and contingencies laid out in your contract have been met, you are ready to close escrow. At this point the only item that may hold up the process is the Buyer's final loan approval from their lender. Sometimes lenders like to throw in last minute requests to stir up the whole process! Once all Lender issues have been addressed, the final loan documents are requested and sent to escrow. The Buyer executes all of the paperwork at the closing appointment with escrow and the loan funds are requested.

When the loan is funded and the property is ready to record, escrow will call the title company to take the deeds to the county recorder for recording. Documents are normally recorded in the morning and your agent is notified later that day. It is one of the most exhilarating experiences in life to get the call from your Pacifica West Properties agent congratulating you on your home sale!