I'm selling my home in Orange County and I'm wonding if I will physically be attending the closing. Do the buyers attend? Or do the realtors and title company just do all the work?
Also, I arranged to have the proceeds wired to my bank account? How long does it usually take for a seller to get these funds?
Thanks!
2006-10-25 06:38:24 · 4 answers · asked by nazenail 2 in Business & Finance ➔ Renting & Real Estate
No one physically attends closing. The buyer and seller each go on seperate days and sign their closing docs-- but this is a few days BEFORE closing. Then on closing the money is deposited into your account (though your bank may take a day or two to post that deposit) and the buyer gets keys, and the deed is recorded-- all automatically, not buy "attending" closing.
2006-10-25 06:41:17 · answer #1 · answered by Anonymous · 0⤊ 0⤋
No, you don't have to be here nor does the buyers. Escrow handles everything. The loan funds after three days after loan docs are signed by the buyer. At close of escrow, escrow will then wire everyone their funds, including yours.
I'm a real estate consultant/Realtor/Broker/Investor operating in Southern California out of Orange County.
2006-10-25 09:10:28 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Nope you don't physically need to be present when the buyer is signing his or her loan docs. You should have funds within 24 hours of the closing in your bank acct.
BTW, congrats on selling your home. Looks like you were one of the more motivated sellers in orange county this month!
2006-10-25 06:41:17 · answer #3 · answered by ondreforsure 3 · 0⤊ 0⤋
You will have to be physically present at some point to sign the necessary paperwork, but this doesn't have to happen at the same time the buyers do all their signing.
2006-10-25 06:51:01 · answer #4 · answered by Phoenix, Wise Guru 7 · 0⤊ 0⤋