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Adam Preston, ABR, GRI, Broker
License #01873127 & 01768403
NMLS ID # 345989 & 346148
Grand Avenue Realty & Lending Inc.
Phone (714) 925-2020
Fax (714) 242-1726
Email apreston@grandavenueca.com
Website www.adampreston.com
Website www.grandavenueca.com

Office
Grand Avenue Realty & Lending Inc.
4420 E Miraloma Ave STE L
Anaheim CA 92807

 

Escrow, Inspections and Appraisals

Title Company and Escrow Holder. We will need to select a title company which acts as a neutral third party holding all instruments necessary to the sale, including funds and deed. The title company will research the complete recorded history of the property, to insure that the title is free and clear of encumbrances by the date of closing and that all new encumbrances are properly added to the title. Some properties are subject to restrictions which limit various activities from building to parking restrictions. There may be recorded easements and encroachments, where others have limited rights to use your property.

Inspections. Once your offer is accepted by the seller, you'll need to have professional inspectors evaluate your home's major systems. I will help you set up a general home inspections and a termite inspection and in some cases, septic inspections.

Appraisal and Lending. Keep in close communication with your lender, who will let you know when additional documents are needed to approve your loan application and fund your loan. The lender will often send an appraiser out to the property and you may pay a fee for this service. Appraisers are specialists in determining the value of properties, based on a combination of square footage measurements, building costs, and recent sales of comparable properties. When you are within two weeks of closing, double check with your lender to be sure the loan will go through smoothly and on time.