Finalize & Close The Deal
Once you have survived the rounds of negotiations, and all parties are in agreement, you will lift your contingencies and the property will be one step closer to being yours. This is the point where you risk losing your "earnest money," should you back out of the contract and fail to close escrow, so you want to stay in touch with your Bay Area Modern real estate agent and be diligent in completing all your responsibilities.
During this period, your lender may need some final paperwork from you, but most of the activity will be between your lender and the title company. They will ensure that the loan documents are in place and that any prorated taxes, HOA fees, transfer fees, real estate commissions, home warranties, etc. are set to be properly allocated.
Approximately one week prior to closing you will be required to sign documents, either at the title company or in the presence of a Notary Public. This paperwork will be sent to the lender for final review and, assuming everything is in order, funds will be released to the title company one day before the scheduled closing. You will also be required to remit your down payment, in the form of a Cashier's Check or wire transfer, to the title company at least one day before closing.
Once the funds have been deposited with the title company and all the necessary paperwork has been done, the title company will send a deed transfer to the County Recorder and you will become the proud owner of your new home.
Congratulations on the purchase of your new home in California's Bay Area! With the sale of your home on record with the County Recorder, you should now make arrangements with your Bay Area Modern agent to complete the final step in the home buying process: Obtaining Your New House Keys.