L.A. real estate news and insights.
Buyers using cash to purchase a home typically close escrow in 7-14 days.
Buyers using a conventional loan to purchase a property (at least 5% down payment) typically close in 30 days.
Buyers using FHA loan to purchase a home (3.5% down payment) typically close escrow in 45 days.
On this episode, I answer the following four real estate questions:
1) Now that my offer is officially accepted, how long does it take to close escrow on the home?
2) How do I send my deposit money over to the escrow company?
3) Is there certain day I should close escrow on?
4) What is a special recording and how is it different than a regular recording?
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