Process of the Purchase

What happens when the offer is accepted?

Here in Arizona, when the seller agrees to terms it begins a common timeline that is outlined in the contract, here is a rough idea of what to expect in most cases:

Day 1

Agreement, YOU will be under contract for purchase and the home is no longer available to anyone else.

Day 2

Within 48 hours we must open escrow and you will need to deposit Earnest Money as good faith, typically this is $500 to $2000 (but is by agreement with the seller) and will apply to your down payment at the end of the process.

Day 10

The inspection notice is due–so within the first week of the contract is highly recommended that you have a home inspection performed by a licensed home inspector. The choice is yours or we can suggest some people who have served our past clients, most home inspectors will require payment at time of service.

Day 15

This is a time estimate only, however if you are financing, the appraisal is ordered and paid for shortly after the inspection period has ended.

Day 15 Forward

Loan processing, title and escrow processes that ensure a clean and clear deed are moving through their steps. Often the lender will need a few more items from you along the way.

Day 30-45

This is the typical time it takes to complete the process with a loan. So a few days prior there is usually a final walk thru of the property to ensure it is as expected. There will be a time scheduled to visit the title office to sign all the paperwork. Then when closing day arrives we are notified once the county records the deed, at that time you are given keys and become the owner of the home!