afford, and getting pre-approved for a loan, as discussed earlier in Step #2. Faltering in the finance department will probably sink the whole deal. It’s critical that you keep these potential pitfalls in mind before you get to the closing process. If something goes wrong, but appropriate contingencies are in place, the deal could still be saved. But it’s always better to be safe than sorry.
Step #12. The Closing Process (California)
Once negotiations are complete and contingencies have been removed, the transaction moves into the closing process. This phase focuses on completing the legal, financial, and administrative steps required to transfer ownership of the property from the seller to the buyer. The closing process is not about renegotiating terms—it is about executing what has already been agreed upon.
WHAT IS THE CLOSING PROCESS?
In California, the closing process includes all actions necessary to: • Prepare the property for transfer • Finalize loan and title requirements • Ensure funds and documents are properly handled through escrow • Legally record the transfer of ownership The goal is straightforward: record the deed and complete the sale in compliance with the purchase agreement and California law.
THE BUYER'S FINAL WALK-THROUGH
Before closing, buyers are entitled to a final verification of 135
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