The easiest and quickest way to purchase a property
Enter the full address of the property you would like to purchase.
Does this property have a specific unit number?
We recommend you visit this property before submitting an offer.
How much are you willing to pay for the property?
How much will you be bringing to the closing table?
We recommend a period of at-least 7 days*
During the inspection contingency period, you can hire professionals to inspect any aspect of the property. Common inspections include a general home inspection and a termite pest inspection.
You can then cancel the purchase or request credits and repairs for any new issues you discover. Sellers prefer short or no inspection contingencies, especially if they are providing upfront inspection reports. We recommend no longer than 10 days to make your offer competitive.
The deposit on your house, which you may hear referred to as the Earnest Money Deposit or “EMD”, is the amount of money offered during the contractual period to indicate that you are a serious buyer.
Attach a copy of your mortgage pre-approval letter.
Attach a copy of your bank's balance showing proof of funds for this transaction.
Expect to come to the closing table with:
Here are some tips from our professional buyer agents
The earnest money deposit can be issued as a personal check, cashier’s check or funds wired directly to the escrow company. It is held jointly by the seller and buyer in a trust or escrow account, and the funds are later put toward the buyer’s down payment when the deal is sealed. A seller will expect you to deposit the earnest money immediately upon mutual acceptance of the purchase agreement, but you typically have three days to deposit your EMD. Keep in mind that bank transfers take time, and that a seller might cancel the whole deal if there’s a problem or delay with your initial deposit.
Yes! As long as you perform according to the schedule outlined in the purchase agreement, you can get your full initial deposit back. You can reclaim your initial deposit if certain contingencies are not met. Here are the 5 most common real estate contingencies that allow you to back out of the deal without losing your EMD:
There are a host of other contingencies you can include in your contract, ranging from lead paint and radon tests to sewer and mold inspections. California buyers are advised to consider an insurance contingency to make sure they can insure their property in areas with environmental liabilities like earthquakes and wildfires. Whichever contingencies you include or waive, be aware of their conditions and timeframes. If you don’t complete the home inspection within the designated time, you will be unable to back out without losing your earnest money.
Since your EMD is a “good faith” commitment to buying the property, you will be penalized if you back out of the purchase contract for no good reason, e.g. buyer’s remorse, cold feet, or a change of heart. In those cases, you will forfeit your earnest money deposit to the seller. If you change your mind after the offer has been accepted, your contingencies (explained above) are your only way out.
Make sure you get a receipt for any earnest money you give to a real estate agent, brokerage firm or escrow company, ideally a copy of your check on the brokerage’s letterhead. It should be signed and dated by the person who received the check. In order to accommodate a quick closing date, you should submit a certified or cashier’s check. The earnest money deposit is the first step in a long and rewarding home buying experience, so get yourself started on the right foot.
Make sure to do a final walk-through of your new home in the days prior to closing to verify that there have been no material changes since the inspection. The final walkthrough should be done 1 to 5 days before the close of escrow to ensure the home’s condition has not changed since your last visit, and that any agreed-upon repairs were completed. This is the time for a final once-over—not for new inspections and last-minute changes. If you encounter any major issues, you can delay the close of escrow until they are resolved. Depending on your contract, the walkthrough can be a formal part of the agreement, requiring a signed declaration, or an informal visit for one last look. If possible, arrange for the seller to be present because no one knows the history of the property like the owner. Be sure to bring your purchase contract along, as well as a list of items to check for verification of property condition.
Schedule a time to review your offer and one of our professional buyer agents will assist you with placing your priority offer.