A Snapshot of What to Expect During Escrow
Once your offer is accepted, the clock starts on what's typically a 17-day due diligence period (your specific contract will confirm your exact contingency timeline). This is the window during which you'll inspect the property, review disclosures, and finalize your financing — and it's usually the busiest stretch of the entire transaction. Here's what that timeline typically looks like:
On or before day 17 (or the date specified in your contract), you'll be asked to sign a Removal of Contingencies form, confirming that you're moving forward and committed to closing. After this point, backing out of the deal generally means forfeiting your earnest money deposit — with the notable exception of a loan contingency, which typically remains in place until your financing actually funds. We'll make sure you fully understand what you're agreeing to before this milestone, not after.
Realtors Cindy Pelter and Jakob Pelter would love to help you sell your existing property, and/or help you to find a new property! Just fill out the form below and someone will contact you shortly afterwards. Prefer giving us a call? That's fantastic! We're both true fans of having phone conversations! Call Jakob at 818.441.6338 and Cindy at 818.631.9152. We look forward to connecting with you!
Cindy Pelter and Jakob Pelter Have Helped Home Buyers, Both Local and International, Find Their Dream Home in Los Angeles and Ventura counties. Let Us Help You Aquire Your Next Home Investment!