The Top Buyer's Questions
Upon receipt of your loan documents and preparation of your escrow instructions the Title Company will contact you/your real estate agent and let you know the amount of funds you will need to close escrow.
Your escrow agent will call you to set a convenient appointment.
According to Arizona State Law, all funds must be in the form of a cashier’s check or wired funds from your financial institution. You can, however, write a personal check for your Earnest Deposit.
At close of escrow, your real estate agent will contact you regarding the disbursement of the keys. Usually this is after your purchase records with the Recorder’s office.
Please allow approximately 60 minutes for your appointment.
Escrow instructions with terms of the sale per your purchase contract, the estimated escrow statement, preliminary report, etc. The escrow officer will answer any questions you may have and provide you with a complete package of all documents.
Statements of Information provide title companies with the information they need to distinguish the buyers and sellers of real property from others with similar names. After identifying the true buyers and sellers, title companies may disregard the judgements, liens or other matters on the public records under similar names.
You should start shopping for homeowners/fire insurance as soon as your offer is accepted. Know the age of your home and please contact your escrow agent or real estate agent/broker when you have made your decision.
You will need a cashier’s check payable to the title company (amount will be given to you previously). Bring a valid driver’s license, valid State ID, Arizona ID card, valid passport or Military ID.
The day escrow closes is the day the deed records with the county and you become the owner of your new home. It could take 6-10 weeks from that date for the county to mail you the original signed/recorded deed.