Closing the deal on your home
First, the buyer performs due diligence, disclosures, and inspections. Once a contract is signed and the offer is accepted by the seller, the escrow process can begin. However, an escrow agent is part of the title company.
In Nevada, a property disclosure form must be provided by the seller. Also, buyers are expected to perform inspections during the due diligence period.
If you're borrowing to purchase a home, you should submit a loan application form to the lender. The lender then sends a `Good Faith Estimate' document that shows the estimated closing costs. After that, the buyer sends a series of financial documents for mortgage approval.
The closing process can take a few days or weeks. Once the escrow agent disburses the funds to appropriate parties, the deal is closed, and the buyer can take ownership of the property.
Keep reading our full process on How To Sell Your Home
