Welcome, Anthony!
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Thank you for choosing Brokers Trust - Fitzburgh Realty Team!
We have created this private page in efforts to keep you better informed with the process. For your convenience, it includes your timeline as well as your personal calendar. This should help keep you updated with all that will take place in the upcoming days. You may view them below. Our goal is to make your experience the best it can be. Please feel free to contact us with any questions - we are happy to assist you! |
3610 Griffin Ave | Los Angeles, CA 90031
TRANSACTION TIMELINE:
DAY DESCRIPTION PERFORMANCE DATE
-10 Offer Date Sunday, 05/15/2016
0 Offer Acceptance Date Wednesday 05/25/2016
3 Initial Deposit check due (deadline) Tuesday, 05/31/2016
7 Seller Disclosures to Buyer (deadline) Wednesday, 06/01/2016
10 Buyer Investigation Contingency Expires Monday, 06/06/2016
14 Appraisal Contingency Expires Wednesday, 06/08/2016
17 Loan Contingency Expires Monday, 06/13/2016
17 ALL Buyer Contingencies (expire) Monday, 06/13/2016
30 Close of Escrow Date Friday, 06/24/2016
NOTES:
1) The Buyer's initial deposit is due in the escrow account by Tuesday, May 31 (Monday is a holiday).
2) We have submitted all Seller-disclosures to the Buyer, except current Tenant Estoppel Certificates.
3) The Buyer scheduled showing of the front two units today, May 27 at 3pm.
4) Buyer may schedule inspections during the next week. We will keep you informed with dates and times.
5) All Buyer Contingencies expire on Monday, June 13.
LOOKING AHEAD - BELOW IS A BRIEF OUTLINE OF WHAT COMES NEXT:
1) After escrow has received the initial deposit, and the Buyer removes all contingencies, you, the Seller should take care of the following:
A) Sign and notarize the grant deed. Escrow will often provide notary services for a nominal fee (sometime free of charge) but if it is more convenient, you can go to a public notary and mail the notarized document to the escrow company. NOTE: Don't forget your driver's license or passport for ID to the notary.
B) Complete all escrow opening package documents. NOTE: Some escrow documents only require your signatures, while others need to be completed, signed and sometimes even notarized. We will forward you all of the necessary escrow documents and vice versa. There is no need for you to be in direct contact with escrow, as we are your "middle-man."
2) Buyer's Final Walk-through & Verification of Property Condition:
The Buyer will make an appointment to conduct the final walk-though within 5 days of the close of escrow to make sure that the property is in the same condition as it was on the date the offer was accepted and to verify that any and all agreed-upon repairs have been completed. After the Buyer conducts the final walk-through, we will send you a PDF of the Buyer-signed "Verification of Property Condition" for your review and signature.
3) Buyer's Closing Funds:
Approximately three business days prior to COE, Buyer will wire transfer the required funds to close.
4) Close of Escrow:
"Close of Escrow" just means that the grant deed gets recorded in the Buyer's name as the new owner on that date.
Typically, you will not have any responsibilities at this point. As soon as we receive news that the grant deed has been recorded, we will contact you to let you know.
5) Seller's Proceeds from Sale (i.e.- your money $$):
On the day of close of escrow, your file will be closed out and your proceeds will be delivered by the method that you specify in the escrow opening package documents. You may receive your proceeds on the day of close or it might be the following business day- depending on the actual time of day that the grant deed gets recorded.
DAY DESCRIPTION PERFORMANCE DATE
-10 Offer Date Sunday, 05/15/2016
0 Offer Acceptance Date Wednesday 05/25/2016
3 Initial Deposit check due (deadline) Tuesday, 05/31/2016
7 Seller Disclosures to Buyer (deadline) Wednesday, 06/01/2016
10 Buyer Investigation Contingency Expires Monday, 06/06/2016
14 Appraisal Contingency Expires Wednesday, 06/08/2016
17 Loan Contingency Expires Monday, 06/13/2016
17 ALL Buyer Contingencies (expire) Monday, 06/13/2016
30 Close of Escrow Date Friday, 06/24/2016
NOTES:
1) The Buyer's initial deposit is due in the escrow account by Tuesday, May 31 (Monday is a holiday).
2) We have submitted all Seller-disclosures to the Buyer, except current Tenant Estoppel Certificates.
3) The Buyer scheduled showing of the front two units today, May 27 at 3pm.
4) Buyer may schedule inspections during the next week. We will keep you informed with dates and times.
5) All Buyer Contingencies expire on Monday, June 13.
LOOKING AHEAD - BELOW IS A BRIEF OUTLINE OF WHAT COMES NEXT:
1) After escrow has received the initial deposit, and the Buyer removes all contingencies, you, the Seller should take care of the following:
A) Sign and notarize the grant deed. Escrow will often provide notary services for a nominal fee (sometime free of charge) but if it is more convenient, you can go to a public notary and mail the notarized document to the escrow company. NOTE: Don't forget your driver's license or passport for ID to the notary.
B) Complete all escrow opening package documents. NOTE: Some escrow documents only require your signatures, while others need to be completed, signed and sometimes even notarized. We will forward you all of the necessary escrow documents and vice versa. There is no need for you to be in direct contact with escrow, as we are your "middle-man."
2) Buyer's Final Walk-through & Verification of Property Condition:
The Buyer will make an appointment to conduct the final walk-though within 5 days of the close of escrow to make sure that the property is in the same condition as it was on the date the offer was accepted and to verify that any and all agreed-upon repairs have been completed. After the Buyer conducts the final walk-through, we will send you a PDF of the Buyer-signed "Verification of Property Condition" for your review and signature.
3) Buyer's Closing Funds:
Approximately three business days prior to COE, Buyer will wire transfer the required funds to close.
4) Close of Escrow:
"Close of Escrow" just means that the grant deed gets recorded in the Buyer's name as the new owner on that date.
Typically, you will not have any responsibilities at this point. As soon as we receive news that the grant deed has been recorded, we will contact you to let you know.
5) Seller's Proceeds from Sale (i.e.- your money $$):
On the day of close of escrow, your file will be closed out and your proceeds will be delivered by the method that you specify in the escrow opening package documents. You may receive your proceeds on the day of close or it might be the following business day- depending on the actual time of day that the grant deed gets recorded.
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