property condition, commonly called the final walk-through. Under the California Residential Purchase Agreement (RPA), this step allows the buyer to confirm that: • The property is in substantially the same condition as when the offer was accepted • Agreed-upon repairs have been completed • No new damage has occurred since inspections Important legal clarification: The final walk-through is not a contingency and does not reopen negotiations. If a material issue is discovered, the buyer must notify their agent immediately so the issue can be addressed according to the contract, which may involve repairs, credits, or escrow instructions—not renegotiation of the purchase price.
WHAT HAPPENS DURING THE CLOSING PROCESS?
The escrow and title process typically includes: • Issuance of title insurance to protect against ownership claims • Prorating and payment of property taxes and other assessments • Settlement of escrow and closing costs • Final review and signing of loan and escrow documents • Payoff of any existing seller liens or mortgages • Preparation and recording of the grant deed with the county The escrow holder acts as a neutral third party, following the written instructions of the buyer, seller, lender, and title company.
THE RESULT OF CLOSING
Once all documents are signed, funds are received, and the deed
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