When do I get the keys for the home I bought?

    When do I get the keysHappiness for a real estate buyer is, well… Buying a home.

    The best part of that is getting the keys.

    Getting the keys…

    Some think in all cases they get the keys when the transaction closes.

    This could be correct, but here are some items to consider.

    Negotiated Contractual Agreements

    It may be that you agreed to give the seller time after escrow closes, to vacate the home, you are buying.

    This typically happens as part of the negotiation process related to your specific transaction.

    In some cases, it is typical to give the seller 2 days after close of escrow, COE+2.

    It could be sooner!

    Sometimes, the seller does not need two days after closing or sometimes the buyer does not agree and the seller accepts the buyer’s terms.

    Then the buyer gets the keys after the transaction closes, after the confirmation of recording.

    View our Buyer Guarantee!

    How does closing actually work?

    Unless there is a special case or circumstance, the closing of any home is a two part(day) process.

    At least in California, on the first day day the property funds, money is moved to the recipient.

    A second day for recording. Where an actual person stands in line at the County Recorders Office.

    Until it’s his/her turn!

    Depending on his “place in line”, recording can be from between 11am and 5pm.

    Once the property “records” we typically get the first phone call from Escrow.

    However, I don’t like to wait so I call often.

    Once I get the call I meet the buyers at a place of their convenience!!!

    I understand how our buyers are anticipating this process and wanting to get into their new home.

    If you want to read more articles about Real Estate – See our SCVnest blog!

     

     

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    Paris and Connor MacIvor

    Connor and Paris MacIvor are in the Top 1% of Realtors Nationwide, starting their real estate business in 1998 with RE/MAX Gateway - Santa Clarita Valley and Valencia CA. Their becoming licensed real estate consultants and representatives came from the horrible experience they had when they bought their first home. There were many things that the agent they had hired did not explain and disclose, which per law he should have. Getting that agent on the phone after they closed escrow and after he had gotten paid was impossible. Paris and Connor called the broker, the board of realtors, the office manager and all they received was the promise of a phone call back. The remedy did come, but not as fast and in the way they wanted. That act - that bad agent was the reason why Paris and Connor became Realtors. That was all they needed to vow to never let the same fate befall anyone else, that befell them. Today Connor and Paris are focused on client service. Protection and top-shelf service with regard to their real estate clientele. They primarily work within the Santa Clarita Valley and Valencia CA. However, for a referral, where 80+ of their business is referrals they have License and Will Travel to other parts of Ventura County, Los Angeles County, and Orange County to handle real estate transactions for those who trust their real estate operation. Writing on their Real Estate Blog is a passion. SCVnest.com/blog is where you will find over 10,000 real estate articles. Go to SCVnest.com/radio to listen to their latest real estate radio broadcast.

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