What Happens During Escrow When You Sell Your Gardena Home: A Seller's Timeline

What Happens During Escrow When You Sell Your Gardena Home: A Seller's Timeline

Once you accept an offer on your Gardena home, the transaction enters a phase known as escrow. This process typically lasts between 30 and 45 days and involves several important steps that lead to the successful closing of the sale.

Opening Escrow

Escrow begins once the buyer's offer is accepted and the purchase agreement is signed. A neutral third-party escrow company is selected to manage the transaction. The buyer deposits their earnest money, and the escrow officer begins coordinating documents, disclosures, and the closing process.

Inspections and Due Diligence

During the first one to two weeks of escrow, buyers typically conduct inspections. This may include a general home inspection, termite inspection, and sometimes additional specialized inspections. Sellers may receive requests for repairs or credits depending on the findings.

Contingency Removal

Most purchase agreements include contingencies for inspections, financing, and appraisal. Once the buyer completes their investigations and loan approval process, they remove these contingencies in writing. At this stage, the transaction becomes significantly more secure.

Final Walkthrough and Signing

Near the end of escrow, the buyer conducts a final walkthrough to confirm the home is in the agreed-upon condition. Sellers then sign their closing documents with the escrow company, typically a few days before the closing date.

Funding and Closing

The final step occurs when the buyer's lender funds the loan and escrow records the transaction with the county. Once recorded, the sale officially closes and the proceeds are distributed to the seller.

If you are considering selling your Gardena home and want a clear, well-managed process from listing to closing, reach out to Ben Larson of Larson Realty Group. Ben guides South Bay homeowners through each step of escrow to ensure a smooth and successful transaction.