Realistor.com
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Buyer Pre-Qualification

We Qualify Every Buyer Before They Contact Sellers

Sellers on Realistor.com are protected. Before any buyer can request a showing or contact a seller, they complete our qualification process. We verify income, credit readiness, and purchase capacity — so your time is never wasted on unqualified prospects.

1
Submit Info
Buyer fills out financial profile form
2
Verification
Income, credit & funds verified by our team
3
Approval
Buyer receives Qualified Buyer Certificate
4
Contact Seller
Only then can buyer contact seller or request showing
— Buyer Pre-Qualification Form —
📎 Click to upload pre-approval letter (PDF/JPG)
✅ Free service  ·  ✅ No hard credit pull  ·  ✅ Results within 24 hours

Interactive Property Map

Orange County, CA Area
🏠
412 Cypress Grove Dr - $849K
🏠
88 Lakefront Blvd - $3,200/mo
🏠
204 Hillcrest Ave - $1.15M
🏢
1800 Meridian Tower - Office
🏢
1450 Industrial Pkwy - Warehouse
🏢
900 Main St - Retail Strip
💼
Italian Restaurant - $1.2M
💼
Auto Repair Shop - $650K
Residential Commercial Business
Tap a pin to view listing details. Use filters above to show specific property types.

Post Your Free Listing

1
Register Free
Create your account in 60 seconds. No agent needed.
2
Post Your Property
Fill in details, add photos and videos, submit.
3
We Verify & Match Buyers
All buyer inquiries are pre-screened before they contact you.
📋
Register or Sign In to Post Your Free Listing

Realistor.com is free to join. Create your account in 60 seconds to post your property, business, or rental and reach thousands of qualified buyers.

Real Estate Contracts

Realistor.com provides professionally prepared listing agreements, purchase contracts, and lease agreements across all three property categories. View, print as PDF, or have a copy emailed directly to you at no charge.
Professionally Drafted
Instant Download
Attorney Reviewed
🏠
Residential Contracts
Single-family, condo, townhome & multi-family
📄 Listing Agreement
Residential Listing Agreement
Authorize Realistor.com to market your home and represent your interests through the listing period.
  • List price, term & commission structure
  • Seller disclosures & property condition
  • Marketing rights & exclusivity clause
  • Cancellation & expiration provisions
⚖ Purchase Agreement
Residential Purchase Agreement
Full purchase contract governing the sale and transfer of a residential property between buyer and seller.
  • Offer price & earnest money deposit
  • Inspection, financing & appraisal contingencies
  • Closing date & possession terms
  • Required disclosures & representations
📍 Lease Agreement
Residential Lease / Rental Agreement
Fixed-term or month-to-month residential lease establishing rights and obligations of landlord and tenant.
  • Rent amount, due date & late fees
  • Security deposit & conditions for return
  • Maintenance, repairs & alterations
  • Termination, renewal & eviction notice
🏢
Commercial Contracts
Office, retail, industrial & mixed-use properties
📄 Listing Agreement
Commercial Listing Agreement
Engage Realistor.com to market your office, retail, or industrial property to qualified commercial buyers and tenants.
  • Listing price, exclusivity & marketing terms
  • Broker cooperation & co-op commission
  • Owner representations & warranties
  • Term, extensions & early termination
⚖ Purchase Agreement
Commercial Purchase & Sale Agreement
Comprehensive acquisition contract for commercial real estate with full due diligence and financing provisions.
  • Purchase price & earnest money terms
  • Due diligence period & inspection rights
  • Financing contingency & lender requirements
  • Environmental disclosures & closing conditions
📍 Lease Agreement
Commercial Lease — NNN / Gross
Full-form commercial lease adaptable to triple-net, gross, or modified gross structures for any commercial use.
  • Base rent, CAM charges & operating expenses
  • Tenant improvement (TI) allowance
  • Personal guarantee & security deposit
  • Renewal options & rent escalation schedule
💼
Business Sale Contracts
Asset sales, stock acquisitions & franchise transfers
📄 Listing Agreement
Business Listing Agreement
Authorize Realistor.com to confidentially market your business to qualified, pre-screened buyers.
  • Asking price, term & marketing scope
  • Confidentiality & NDA requirements
  • Seller financial disclosures
  • Commission structure & exclusivity
⚖ Purchase Agreement
Business Purchase — Asset Sale
Structured agreement for the purchase of business assets including inventory, equipment, IP, and goodwill.
  • Asset schedule: inventory, FF&E, IP & goodwill
  • Allocation of purchase price (tax purposes)
  • Assumption or exclusion of liabilities
  • Non-compete & training transition terms
⚖ Purchase Agreement
Business Purchase — Stock / Membership Sale
Full acquisition agreement for corporate stock or LLC membership interest with reps, warranties & indemnification.
  • Share/membership transfer & closing mechanics
  • Representations, warranties & covenants
  • Indemnification & survival provisions
  • Conditions to closing & escrow terms
⚠ Legal Disclaimer: All contracts are professionally prepared templates provided for general informational and transactional guidance. They do not constitute legal advice and may not reflect the laws or requirements of your specific jurisdiction. Realistor.com strongly recommends that all contracts be reviewed and approved by a licensed real estate attorney in your state prior to execution.

Secure Payment Processing

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Contact Us

We are here to help. Reach us directly or send a message below.

📞
Call Us
(714) 504-3600
Email Us
customerservice@realistor.com

Send Us a Message

About Realistor.com

🌟 Our Mission

Realistor.com was founded on a simple but powerful idea — buying, selling, and leasing property should be accessible to everyone, not just those who can afford expensive commissions and agent fees. We built a free, transparent, and professional platform that puts the power back in the hands of property owners, buyers, tenants, and business owners across the United States.

🏠 Who We Are

We are a national real estate marketplace headquartered in Southern California, connecting buyers, sellers, landlords, tenants, and business buyers across residential, commercial, and business sectors. Our platform combines cutting-edge technology with real estate expertise to deliver a seamless experience for every transaction type — from a single-family home sale to a multi-million dollar commercial lease or business acquisition.

Every buyer on our platform goes through our proprietary pre-qualification process, ensuring that sellers and landlords are only contacted by serious, financially capable prospects.

✅ What We Offer

• Free Listings
Post residential, commercial, or business listings at no cost.
• Buyer Pre-Qualification
Every buyer is pre-screened for financial readiness.
• Professional Contracts
Download and email ready-to-use contract templates.
• Partner Network
Access lenders, escrow, title, inspectors, and more.
• Interactive Map
Browse listings visually by location and property type.
• 24-Hour Listing
Your listing goes live within 24 hours of approval.

Get In Touch

We'd love to hear from you. Whether you have a question, a listing, or a partnership idea — we're here.

📞 (714) 504-3600 ✉ customerservice@realistor.com

Careers at Realistor.com

Join a team that is redefining the future of real estate.

🌟 Why Work With Us

At Realistor.com, we believe in building a team of passionate, driven individuals who want to make a real difference in the real estate industry. We offer a collaborative environment, competitive compensation, remote-friendly roles, and the opportunity to be part of a growing national platform from the ground up.

💼 Current Openings

Real Estate Marketing Specialist
Marketing · Remote / Southern California
Hiring

Drive listing growth and brand awareness through digital marketing, SEO, and social media campaigns. Experience in real estate marketing preferred.

Partner Relations Manager
Business Development · Remote
Hiring

Build and manage relationships with lenders, escrow companies, title companies, inspectors, and other real estate service partners across the country.

Customer Success Representative
Support · Remote
Hiring

Help buyers, sellers, and partners get the most out of Realistor.com. Answer questions, resolve issues, and ensure every user has a world-class experience.

Full-Stack Web Developer
Technology · Remote
Coming Soon

Build and improve our platform using PHP, MySQL, JavaScript, and modern web technologies. Real estate tech experience a plus.

Don't See Your Role?

We're always looking for talented people. Send your resume and a short introduction — we'd love to hear from you.

✉ Send Your Resume

Press & Media

News, updates, and media resources from Realistor.com.

📰 About Realistor.com

Realistor.com is a free national real estate marketplace that connects buyers, sellers, landlords, tenants, and business buyers across residential, commercial, and business sectors. Our platform offers free listings, pre-qualified buyers, professional contract templates, and a curated partner network — all with no commissions and no hidden fees.

Founded in Southern California and operating nationally, Realistor.com is on a mission to democratize real estate transactions for everyone.

📊 Key Facts

Free
To Post Any Listing
100%
Buyers Pre-Qualified
3
Property Categories
24hr
Listing Goes Live

🎤 Media Inquiries

For press inquiries, interview requests, partnership announcements, or media kit requests, please contact our communications team.

✉ Media Contact customerservice@realistor.com

Privacy Policy

Last Updated: January 1, 2025  |  Effective Date: January 1, 2025

1. Introduction

Realistor.com ("we," "our," or "us") respects your privacy and is committed to protecting the personal information you share with us. This Privacy Policy explains what information we collect, how we use it, how we protect it, and your rights regarding that information. By using our platform, you agree to the terms of this Privacy Policy.

2. Information We Collect

Information You Provide: When you create an account, post a listing, submit a buyer pre-qualification, or contact us, we may collect your name, email address, phone number, mailing address, financial information (for pre-qualification purposes), and property details.

Information Collected Automatically: When you use our platform, we may automatically collect browser type, IP address, pages visited, time spent on the site, and referring URLs through cookies and similar tracking technologies.

Information from Third Parties: We may receive information from advertising partners, analytics providers, and other sources to improve our services.

3. How We Use Your Information

We use the information we collect to:

  • Create and manage your account and listings;
  • Connect buyers, sellers, and service partners;
  • Process and verify listing submissions;
  • Send verification codes, confirmations, and service updates;
  • Respond to inquiries and provide customer support;
  • Improve our platform, features, and user experience;
  • Send marketing communications (you may opt out at any time);
  • Comply with legal obligations and enforce our Terms of Service;
  • Detect and prevent fraud, abuse, or security incidents.

4. How We Share Your Information

We do not sell your personal information. We may share your information with:

  • Service Partners: Lenders, escrow companies, title companies, inspectors, and other real estate professionals you authorize us to connect you with;
  • Service Providers: Hosting providers, email services, and analytics tools that help us operate the platform;
  • Legal Authorities: When required by law, court order, or to protect the rights and safety of our users and the public;
  • Business Transfers: In connection with a merger, acquisition, or sale of all or part of our business.

Listing information you post (address, price, description, contact details) is visible to the public as part of the listing service.

5. Cookies & Tracking

We use cookies and similar technologies to maintain your session, remember your preferences, and analyze platform usage. You may disable cookies in your browser settings, but doing so may limit certain features of our platform.

6. Data Security

We implement industry-standard security measures including encrypted data transmission (SSL/TLS), hashed password storage, and secure server infrastructure to protect your personal information. However, no method of transmission over the internet is 100% secure, and we cannot guarantee absolute security.

7. Data Retention

We retain your personal information for as long as your account is active or as needed to provide our services. You may request deletion of your account and associated data by contacting us at customerservice@realistor.com. We may retain certain information as required by law or for legitimate business purposes.

8. Your Rights

Depending on your location, you may have the right to:

  • Access the personal information we hold about you;
  • Correct inaccurate or incomplete information;
  • Request deletion of your personal information;
  • Opt out of marketing communications at any time;
  • Request restriction of processing of your data;
  • Lodge a complaint with a data protection authority.

To exercise any of these rights, contact us at customerservice@realistor.com.

9. Children's Privacy

Our platform is not directed to individuals under the age of 18. We do not knowingly collect personal information from minors. If you believe a minor has provided us with personal information, please contact us immediately.

10. Changes to This Policy

We may update this Privacy Policy from time to time. We will notify registered users of material changes by email and update the "Last Updated" date at the top of this page. Your continued use of the platform after changes are posted constitutes your acceptance of the updated policy.

11. Contact Us

If you have questions or concerns about this Privacy Policy, please contact us:

Realistor.com
Email: customerservice@realistor.com
Phone: (714) 504-3600

Terms of Service

Last Updated: January 1, 2025  |  Effective Date: January 1, 2025

1. Acceptance of Terms

By accessing or using Realistor.com (the "Platform"), you agree to be bound by these Terms of Service ("Terms") and our Privacy Policy. If you do not agree to these Terms, you may not use the Platform. These Terms apply to all users including visitors, registered members, listing submitters, buyers, and service partners.

2. Description of Services

Realistor.com provides a real estate marketing platform that allows users to post, search, and browse residential, commercial, and business listings. We also offer buyer pre-qualification, contract templates, and a partner network. We are a marketing and technology platform only and do not act as a licensed real estate broker, agent, attorney, lender, or financial advisor.

3. User Accounts & Eligibility

You must be at least 18 years of age to create an account or use our services. You agree to provide accurate, current, and complete information during registration and to keep your account information updated. You are responsible for maintaining the confidentiality of your account credentials and for all activity that occurs under your account. You must notify us immediately of any unauthorized use of your account.

4. Listing Submissions

By submitting a listing, you represent and warrant that:

  • You are the owner or authorized agent of the property or business being listed;
  • All information provided in the listing is true, accurate, and not misleading;
  • The listing does not violate any applicable laws, regulations, or third-party rights;
  • You will promptly update or remove the listing if it is no longer accurate or available;
  • You will not use the platform to engage in fraudulent, deceptive, or illegal activity.

We reserve the right to remove any listing that violates these Terms or that we deem inappropriate, at our sole discretion, without prior notice.

5. Prohibited Conduct

You agree not to:

  • Post false, misleading, or fraudulent listings;
  • Violate any fair housing, anti-discrimination, or consumer protection law;
  • Scrape, harvest, or collect data from the platform without authorization;
  • Attempt to gain unauthorized access to our systems or other users' accounts;
  • Upload viruses, malware, or other harmful code;
  • Use the platform to spam, harass, or threaten other users;
  • Circumvent or disable any platform security features;
  • Reproduce, duplicate, or resell any part of our services without permission.

6. Contract Templates

The contract templates available on Realistor.com are provided for general informational and reference purposes only. They do not constitute legal advice and may not comply with the laws of your specific state or jurisdiction. Realistor.com makes no representations or warranties regarding the legal sufficiency, accuracy, or enforceability of any contract template. You should always consult a licensed real estate attorney before executing any contract.

7. Buyer Pre-Qualification

Our buyer pre-qualification process is an internal screening tool only. It is not a loan approval, mortgage commitment, or guarantee of financing. Pre-qualification results are based solely on information provided by the user and have not been verified by any lender. Users should obtain formal pre-approval from a licensed mortgage lender before making any purchase offers.

8. Partner Services

Third-party service partners listed on Realistor.com (including lenders, escrow companies, title companies, inspectors, and others) are independent contractors and are not employees, agents, or representatives of Realistor.com. We do not endorse, guarantee, or take responsibility for the quality, accuracy, or conduct of any third-party partner. Any agreements you enter into with partners are solely between you and that partner.

9. Intellectual Property

All content on Realistor.com, including but not limited to text, graphics, logos, icons, images, and software, is the property of Realistor.com or its content suppliers and is protected by applicable intellectual property laws. You may not copy, reproduce, distribute, or create derivative works without our express written permission. By submitting listing content, you grant us a non-exclusive, royalty-free license to display and distribute that content on our platform.

10. Disclaimer of Warranties

THE PLATFORM IS PROVIDED "AS IS" AND "AS AVAILABLE" WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT. WE DO NOT WARRANT THAT THE PLATFORM WILL BE UNINTERRUPTED, ERROR-FREE, OR FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS.

11. Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY LAW, REALISTOR.COM AND ITS OFFICERS, DIRECTORS, EMPLOYEES, AND AGENTS SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES ARISING FROM YOUR USE OF THE PLATFORM, INCLUDING BUT NOT LIMITED TO LOSS OF PROFITS, DATA, GOODWILL, OR OTHER INTANGIBLE LOSSES, EVEN IF WE HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. OUR TOTAL LIABILITY SHALL NOT EXCEED ONE HUNDRED DOLLARS ($100).

12. Indemnification

You agree to indemnify, defend, and hold harmless Realistor.com and its officers, directors, employees, and agents from and against any claims, liabilities, damages, losses, and expenses (including reasonable attorney's fees) arising from: (a) your use of the Platform; (b) your listing submissions or user content; (c) your violation of these Terms; or (d) your violation of any third-party rights.

13. Termination

We reserve the right to suspend or terminate your account at any time, with or without notice, for any violation of these Terms or for any other reason at our sole discretion. Upon termination, your right to use the Platform will immediately cease. All provisions that by their nature should survive termination shall survive, including ownership provisions, warranty disclaimers, indemnity, and limitations of liability.

14. Dispute Resolution & Governing Law

These Terms shall be governed by and construed in accordance with the laws of the State of California, without regard to its conflict of law provisions. Any dispute arising from these Terms or your use of the Platform shall be resolved by binding arbitration in Orange County, California, under the rules of the American Arbitration Association. You waive any right to a jury trial or class action participation.

15. Changes to Terms

We reserve the right to modify these Terms at any time. We will notify registered users of material changes by email and update the "Last Updated" date above. Your continued use of the Platform after changes are posted constitutes your acceptance of the revised Terms.

16. Contact Us

If you have any questions about these Terms of Service, please contact us:

Realistor.com
Email: customerservice@realistor.com
Phone: (714) 504-3600

Transaction Procedure Guide

A complete step-by-step walkthrough of the real estate transaction process — from first contact to closing day.

Buying a Home — What to Expect
A residential purchase typically takes 30 to 45 days from accepted offer to closing when financed, or as few as 10 to 14 days with cash. The steps below cover the entire journey, including the contingency periods that protect your deposit.
1–2 wks
Get Pre-Qualified
Varies
Search & Tour
1–7 days
Offer & Acceptance
17–21 days
Contingencies
30–45 days
Close Escrow
Phase 1 — Preparation
1
Complete Buyer Pre-Qualification
Start on Realistor.com by submitting your financial profile — income, credit range, down payment, and target budget. After email verification you receive a Qualified Buyer Certificate with a reference number. Sellers on our platform only accept inquiries from pre-qualified buyers, so this unlocks seller contact.
💡 Also get a formal pre-approval letter from a licensed lender. Pre-qualification shows you're serious; pre-approval is what sellers accept with a strong offer.
2
Set Your True Budget
Your monthly payment includes more than principal and interest. Account for property taxes (roughly 1.1–1.25% of value annually in California), homeowner's insurance, HOA dues, and PMI if your down payment is under 20%. Budget an additional 2–5% of the purchase price for closing costs.
3
Search and Tour Properties
Use the Search dropdown to filter by transaction type, property type, price range, bedrooms, bathrooms, and location. Tour in person — photographs never reveal noise, natural light at different hours, neighbor proximity, or deferred maintenance.
Phase 2 — Offer & Escrow
4
Submit Your Offer
Use the Residential Purchase Agreement from our Contracts page. Your offer specifies purchase price, earnest money deposit, financing terms, contingency timelines, requested closing date, and any items you want included. The seller may accept, reject, or counter.
Contact the seller through the listing — your reference number is included automatically
5
Negotiate to Acceptance
Counteroffers commonly adjust price, closing date, repair responsibility, or who pays specific closing costs. Once both parties sign, you are in contract and the clock starts on every deadline in the agreement.
6
Open Escrow & Deposit Earnest Money
A neutral escrow company holds funds and documents for both sides. Wire your earnest money deposit — typically 1–3% of purchase price — within the days specified in your contract. This deposit is credited toward your down payment at closing.
Wire fraud warning: Always call your escrow officer at a number you independently verified before wiring. Criminals impersonate escrow companies by email and intercept deposits.
Phase 3 — Due Diligence
7
Conduct Inspections
You typically have 17 days to inspect. Order a general home inspection first, then specialists as needed: pest/termite, roof, sewer lateral scope, foundation, chimney, pool/spa, and HVAC. You pay for these, generally $400–$1,500 total.
💡 Attend the general inspection in person. What an inspector tells you verbally is often more useful than the written report.
8
Review Disclosures and Title
The seller must deliver the Transfer Disclosure Statement, Natural Hazard Disclosure, Lead-Based Paint Disclosure for pre-1978 homes, and any HOA documents. Separately, review the Preliminary Title Report for easements, liens, or restrictions that could affect your use of the property.
9
Appraisal and Loan Underwriting
Your lender orders an appraisal to confirm the home is worth the purchase price. If it appraises low, you can renegotiate, pay the difference in cash, or cancel under your appraisal contingency. Meanwhile underwriting verifies your income, assets, and credit.
⚠ Do not open new credit, change jobs, or make large deposits during underwriting. Any of these can delay or kill your loan approval.
10
Request Repairs or Credits
Based on inspection findings you may request repairs, a price reduction, or a closing cost credit. Focus on health, safety, and structural items rather than cosmetic ones — sellers are far more likely to agree.
11
Remove Contingencies
Once satisfied with inspections, appraisal, title, and loan approval, you sign a contingency removal. This is the point of no return — after removal, backing out generally forfeits your earnest money deposit.
Phase 4 — Closing
12
Final Walk-Through
Within 5 days before closing, walk the property to confirm it is in the same condition as when you offered, that agreed repairs were completed, and that included items are still present. Test faucets, outlets, appliances, garage door, and HVAC.
13
Sign Loan and Closing Documents
You sign at escrow or with a mobile notary. Review the Closing Disclosure against your Loan Estimate — you must receive it at least 3 business days before signing. Question any fee that changed.
14
Fund, Record, and Receive Keys
Wire your remaining down payment and closing costs. The lender funds the loan, the deed records with the county, and ownership legally transfers. You receive keys per the possession terms in your contract — usually at recording or within a few days after.
💡 Change the locks, set up utilities in your name, and file your Homeowner's Exemption with the county assessor to reduce property tax.
Selling a Home — What to Expect
Preparation typically takes 2 to 4 weeks before listing, and a financed sale closes 30 to 45 days after you accept an offer. Your two biggest levers are correct pricing and complete disclosure — both prevent deals from collapsing late.
2–4 wks
Prepare
24 hrs
List & Go Live
Varies
Showings
17–21 days
Buyer Contingencies
30–45 days
Close & Fund
Phase 1 — Preparation
1
Prepare the Property
Complete deferred maintenance, deep clean, declutter, and depersonalize. Repair anything an inspector will flag — leaking faucets, cracked outlets, damaged screens. Fresh neutral paint and clean landscaping deliver the highest return on the smallest spend.
💡 Consider a pre-listing inspection. Finding problems yourself lets you fix or disclose them on your terms instead of renegotiating under pressure later.
2
Price It Correctly
Study recent closed sales of comparable homes within roughly a half mile from the last 3–6 months — not active listings, which only show what sellers hope to get. Overpricing costs more than underpricing: listings that sit accumulate days on market and invite lowball offers.
3
Gather Your Documents
Assemble your deed, most recent property tax bill, mortgage payoff statement, HOA documents and CC&Rs, permits for any work done, warranties, and utility history. Having these ready prevents delays during escrow.
Phase 2 — List & Market
4
Create Your Listing
Sign in and click List Your Property or Business. Enter your price, address, description, and property details, then upload photos and video. Verify by email with the 6-digit code sent to you. Your listing goes live within 24 hours of approval, free of charge.
You receive a reference number such as RE-483920 for tracking
5
Host Showings and Open Houses
Use the Advertise Your Open House feature on our homepage to promote your event free. Keep the home show-ready, well lit, and neutral in scent. Every buyer who contacts you through Realistor.com has already been financially pre-qualified.
Phase 3 — Offer & Escrow
6
Review Offers
Price is only one factor. Also weigh the buyer's financing type (cash closes fastest, then conventional, then FHA/VA), down payment size, which contingencies they waived, earnest money amount, and requested closing date. A slightly lower offer with fewer conditions is often the stronger one.
7
Negotiate and Accept
Counter on price, timeline, or repair responsibility. Once both parties sign the Residential Purchase Agreement, you are in contract and escrow opens.
8
Complete All Disclosures
California law requires the Transfer Disclosure Statement, Seller Property Questionnaire, Natural Hazard Disclosure, and Lead-Based Paint Disclosure for pre-1978 homes. Disclose every known material defect.
⚠ Failure to disclose a known defect is the single most common cause of post-closing lawsuits. When uncertain, disclose it.
Phase 4 — Closing
9
Cooperate Through Inspections and Appraisal
Provide access for the buyer's inspectors and the lender's appraiser. If the appraisal comes in below the contract price, expect renegotiation — you can hold firm, reduce, or meet in the middle.
10
Respond to Repair Requests
You may complete requested repairs, offer a closing cost credit instead, or decline. A credit is often cleaner — no contractor scheduling, no disputes over workmanship quality.
11
Sign, Fund, and Record
Sign the grant deed and closing documents at escrow. Once the buyer's loan funds and the deed records with the county, ownership transfers. Your proceeds are wired the same day or the next business day.
12
Hand Over and Mark It Sold
Deliver all keys, remotes, gate codes, and appliance manuals per your possession terms. Then sign in to Realistor.com, find your listing, and click 🏠 Mark as Sold — a SOLD ribbon appears on your listing automatically.
💡 Keep copies of every signed document and your final settlement statement for tax purposes — you'll need them for capital gains reporting.
Buying Commercial Property — What to Expect
Commercial transactions run 60 to 120 days and are driven by numbers, not emotion. You are buying an income stream, so the property's financial performance matters more than its finishes. Due diligence is longer and far more technical than residential.
2–4 wks
Financing Prep
1–2 wks
LOI Negotiation
30–60 days
Due Diligence
30–45 days
Loan Approval
60–120 days
Total to Close
Phase 1 — Preparation
1
Define Your Investment Criteria
Decide your asset class (office, retail, industrial, multifamily, mixed-use), target market, deal size, and required returns. Know your minimum acceptable cap rate and cash-on-cash return before you look at a single property.
2
Secure Financing Pre-Approval
Commercial lending differs sharply from residential. Expect 25–35% down, terms of 5–10 years with 20–25 year amortization, and a balloon payment at term end. If you'll occupy 51%+ of the space, SBA 504 financing can reduce your down payment to 10%.
💡 Lenders underwrite the property's Debt Service Coverage Ratio — most require a DSCR of 1.20 to 1.25, meaning net income must exceed the mortgage payment by 20–25%.
3
Identify Properties and Request Financials
Search Commercial listings on Realistor.com. For income-producing properties, request the Offering Memorandum, rent roll, and trailing 12-month operating statement. Sellers commonly require a signed NDA before releasing these.
4
Analyze the Numbers
Calculate Net Operating Income (gross income minus operating expenses, excluding debt service), then Cap Rate (NOI ÷ purchase price). Verify the seller's expense figures independently — understated expenses artificially inflate NOI and make a deal look better than it is.
⚠ Watch for below-market leases expiring soon, heavy tenant concentration, or deferred maintenance the seller has capitalized rather than expensed.
Phase 2 — Offer & Contract
5
Submit a Letter of Intent
Commercial deals usually begin with a non-binding LOI outlining price, deposit, due diligence period, closing timeline, and financing contingency. It aligns both parties on the major terms before either spends money on attorneys.
6
Execute the Purchase & Sale Agreement
Once the LOI is agreed, attorneys draft the binding PSA. Use our Commercial Purchase & Sale Agreement template as a starting framework. You deposit earnest money — typically 1–5% — into escrow.
Always have a commercial real estate attorney review the PSA before signing
Phase 3 — Due Diligence
7
Financial Due Diligence
Audit 3 years of operating statements, all current leases and amendments, the certified rent roll, tax bills, utility bills, and service contracts. Confirm actual rents collected match what the rent roll claims by reviewing bank deposits.
8
Physical and Environmental Inspection
Order a Property Condition Assessment covering roof, structure, HVAC, electrical, plumbing, and parking. Nearly all commercial lenders require a Phase I Environmental Site Assessment; if it flags concerns, a Phase II with soil and groundwater sampling follows.
⚠ Environmental liability transfers with the property. A contaminated site can cost more to remediate than the building is worth.
9
Title, Survey, and Zoning Review
Review the title commitment for easements, CC&Rs, and encumbrances. Order an ALTA survey to confirm boundaries and encroachments. Verify current zoning permits your intended use and that the property is legally conforming, not grandfathered.
10
Collect Tenant Estoppel Certificates
Each tenant signs an estoppel certificate confirming their rent amount, lease expiration, deposit held, options, and that neither party is in default. This protects you from a tenant later claiming terms different from what the seller represented.
11
Finalize Financing and Remove Contingencies
Your lender orders a commercial appraisal and completes underwriting on both you and the property. Once satisfied with all diligence, you remove contingencies and your deposit typically goes hard — non-refundable.
Phase 4 — Closing
12
Close and Take Ownership
At closing, leases and security deposits are assigned to you, rents are prorated as of the closing date, and the deed records. Service contracts you agreed to assume transfer as well.
13
Transition Operations
Send tenants a formal notice of ownership change with new payment instructions. Transfer utilities, place your own property insurance, engage a property manager if needed, and confirm you hold every security deposit the rent roll listed.
💡 If you're selling another investment property, ask your CPA about a 1031 exchange to defer capital gains — but the deadlines are strict and start at your sale closing.
Selling Commercial Property — What to Expect
Commercial buyers purchase documented income. The cleaner and more complete your financial records, the higher your sale price and the smoother your escrow. Expect 60 to 120 days from accepted offer to closing.
2–4 wks
Assemble Package
30–90 days
Marketing
1–2 wks
LOI & PSA
30–60 days
Buyer Diligence
60–120 days
Total to Close
Phase 1 — Preparation
1
Assemble the Due Diligence Package
Before listing, gather your certified rent roll, 3 years of operating statements, all leases and amendments, property tax bills, utility history, service contracts, capital improvement records, existing survey, and any environmental reports on file.
💡 Buyers price uncertainty into their offers. A complete, organized package signals a well-run asset and supports a higher valuation.
2
Establish Value
Commercial value is driven by NOI divided by market cap rate. Improving NOI before sale — raising below-market rents, reducing expenses, filling vacancies — increases sale price by a multiple of the improvement. A $10,000 NOI increase at a 6% cap rate adds roughly $167,000 in value.
3
Address Weak Points First
Resolve open code violations, complete deferred maintenance a Property Condition Assessment would flag, and renew leases expiring within 12 months. Short remaining lease terms depress value because they represent income risk to a buyer.
Phase 2 — List & Market
4
Create Your Commercial Listing
Sign in and post your listing free with building square footage, land area, zoning, occupancy rate, and asking price or lease rate. Include NOI and cap rate for income-producing properties — investors filter on these numbers first.
Detailed financial summaries attract serious institutional and private investors
5
Screen Buyers Before Releasing Financials
Require proof of funds or a lender pre-approval letter before providing detailed financials, and have prospects sign a confidentiality agreement. This filters out unqualified inquiries and protects sensitive tenant information.
Phase 3 — Contract & Diligence
6
Negotiate the LOI
Beyond price, negotiate the length of the due diligence period, deposit size, and when the deposit goes hard. A shorter diligence window and an earlier non-refundable deposit reduce your risk of a buyer walking after tying up your property for months.
7
Execute the Purchase & Sale Agreement
Attorneys convert the LOI into a binding PSA. Our Commercial Purchase & Sale Agreement template covers the standard structure. The buyer's earnest money goes into escrow on signing.
8
Support Buyer Due Diligence
Deliver documents promptly and provide access for inspections and the environmental assessment. You will also need to obtain signed estoppel certificates from your tenants — start early, since tenants are often slow to return them.
⚠ Delays in delivering documents are the most common reason commercial escrows blow past their closing date.
Phase 4 — Closing
9
Clear Title and Prepare Assignments
Resolve any liens or title exceptions. Prepare the assignment of leases and the transfer of all tenant security deposits to the buyer — these are the tenants' funds, not yours, and must transfer in full.
10
Close, Prorate, and Notify
At closing, rents, property taxes, and operating expenses are prorated as of the closing date. The deed records and funds are wired to you. Jointly notify tenants of the ownership change and where to send future rent.
11
Mark It Sold and Plan for Taxes
Sign in and click 🏠 Mark as Sold on your listing. Then meet with your CPA promptly — if you intend a 1031 exchange, you have only 45 days to identify replacement property and 180 days to close, measured from your closing date.
💡 A 1031 exchange must be set up with a Qualified Intermediary before closing. Once you receive the proceeds, the opportunity is gone permanently.
Buying a Business — What to Expect
Business acquisitions take 90 to 180 days and are the most document-intensive of the three categories. You are buying cash flow and relationships, so verifying that the earnings are real and transferable is the entire job of due diligence.
2–4 wks
SBA Pre-Qual
2–4 wks
NDA & Review
2–3 wks
LOI
30–60 days
Due Diligence
90–180 days
Total to Close
Phase 1 — Preparation
1
Define Your Acquisition Criteria
Decide your industry, geographic area, revenue range, and required owner involvement. Be honest about whether you want an owner-operator business you run daily or a semi-absentee one with a management team already in place — they are very different purchases.
2
Get SBA Pre-Qualified
Most business acquisitions use SBA 7(a) financing — typically 10–15% down with 10-year terms. Lenders evaluate your industry experience, credit, liquidity, and the target's cash flow. Get pre-qualified before making offers so sellers take you seriously.
💡 SBA lenders generally require the business to show at least 1.25x debt service coverage after paying you a reasonable salary.
3
Sign an NDA and Review the CIM
Business sales are marketed confidentially — employees, customers, and competitors usually don't know. You sign a Non-Disclosure Agreement before receiving the Confidential Information Memorandum with financials, operations, and the reason for sale.
4
Analyze the Financials
Focus on Seller's Discretionary Earnings — net profit plus owner salary, personal expenses run through the business, depreciation, and interest. Small businesses typically sell for 2–4x SDE; larger ones for a multiple of EBITDA. Scrutinize every add-back the seller claims.
⚠ Red flags: revenue declining year over year, one customer exceeding 20% of sales, the owner personally holding all key relationships, or expenses that look too low for the industry.
Phase 2 — Offer & Contract
5
Meet the Seller and Tour Operations
Visit the facility, observe daily operations, and interview the owner about customer concentration, staff tenure, supplier terms, and why they are selling. Much of what determines success transfers only through the owner's knowledge.
6
Submit a Letter of Intent
Your LOI states price, deal structure, deposit, diligence period, training commitment, and non-compete terms. Critically, it specifies asset purchase versus stock purchase — this single choice determines what liabilities you inherit.
7
Choose Your Structure
Asset purchase — you buy specific assets and assume only the liabilities you name. Safer for buyers and offers better tax treatment through stepped-up basis. Stock purchase — you buy the entity itself and inherit all liabilities, known and unknown, including past tax and legal exposure.
💡 Buyers overwhelmingly prefer asset purchases. Only choose a stock purchase when non-transferable licenses, permits, or contracts make it unavoidable.
8
Execute the Purchase Agreement
Use our Business Asset Purchase Agreement or Stock / Membership Interest Purchase Agreement template as a framework, then have a business attorney finalize it. Deposit earnest money into escrow.
Phase 3 — Due Diligence
9
Financial Verification
Reconcile 3 years of tax returns against the P&L statements — they should tell the same story. Review bank statements, accounts receivable aging, inventory valuation, and payroll records. Confirm the reported revenue actually hit the bank.
10
Legal and Operational Review
Examine all customer and vendor contracts for assignability, employment agreements, pending litigation, tax liens, UCC filings, and every license and permit required to operate. Confirm which transfer to you and which must be reapplied for.
⚠ Some licenses are non-transferable. Verify you can legally operate on day one before you close.
11
Secure Lease Assignment
If the business occupies leased space, the landlord must approve assigning the lease to you or issue a new one. Landlords may require personal guarantees or financial statements. This is a frequent cause of delay — start it the day diligence begins.
12
Finalize SBA Financing
Your lender orders a business valuation and completes underwriting. SBA loans require substantial documentation from both you and the seller. Build realistic time into your closing date — SBA approval commonly takes 45 to 90 days.
Phase 4 — Closing & Transition
13
Close the Transaction
At closing you receive the Bill of Sale, assignments of contracts and lease, the executed non-compete agreement, all keys and access credentials, and complete business records. Inventory is typically counted and valued the day before.
14
Transition and Training
The seller's training period — usually 2 to 8 weeks — is where you learn the business and get introduced to key customers, suppliers, and staff. Announce the change to employees carefully; retaining key people is often the difference between a successful acquisition and a failed one.
💡 Change as little as possible in the first 90 days. Learn why things are done a certain way before deciding they should be done differently.
Selling a Business — What to Expect
Selling a business takes 6 to 12 months from preparation to closing. The work you do in the 12 months before listing — cleaning up financials and reducing dependence on you personally — has more impact on your sale price than anything you do during the sale itself.
1–3 mos
Prepare
3–6 mos
Confidential Marketing
2–3 wks
LOI
30–60 days
Buyer Diligence
6–12 mos
Total to Close
Phase 1 — Preparation
1
Clean Up Your Financials
Buyers and SBA lenders need 3 years of clean, consistent tax returns and financial statements. Separate personal expenses from business ones, document your add-backs clearly, and make sure your tax returns and P&L reconcile.
⚠ Running personal expenses through the business lowers your taxes but also lowers your provable earnings — and buyers pay a multiple of provable earnings. Undocumented add-backs are simply not counted.
2
Reduce Owner Dependence
A business that cannot run without you is difficult to sell and sells for less. Document your processes, delegate customer relationships to staff, and build a management layer. Buyers pay a premium for a business that keeps running after the owner leaves.
3
Get a Valuation
Value is typically 2–4x Seller's Discretionary Earnings for small businesses, or a multiple of EBITDA for larger ones. Multiples rise with recurring revenue, diversified customers, growth trends, and transferable systems.
4
Prepare Your Information Package
Assemble tax returns, financial statements, equipment list with values, inventory, customer concentration data, employee roster with compensation, all contracts and leases, and your licenses and permits. Buyers will request every one of these.
Phase 2 — Confidential Marketing
5
List Confidentially
Post your business on Realistor.com free. Market it as a blind listing — describe the industry, location by region, and financials without naming the business. This protects you from employees, customers, and competitors learning you're selling.
Our Business Listing Agreement includes confidentiality protections and NDA requirements
6
Screen Buyers and Require NDAs
Before releasing any confidential information, require a signed NDA and verify the buyer's financial capacity — proof of funds or an SBA pre-qualification letter. Most inquiries come from people who cannot actually close.
Phase 3 — Contract & Diligence
7
Negotiate the LOI
Negotiate price, structure (asset versus stock), how much is cash at closing versus a seller note or earnout, your training commitment, and the non-compete terms. Buyers usually want asset purchases; sellers usually prefer stock sales for tax reasons.
8
Execute the Purchase Agreement
Our Business Asset Purchase Agreement and Stock / Membership Interest Purchase Agreement templates cover both structures. Have a business attorney and CPA review before signing — the structure has major tax consequences for you.
9
Support Buyer Due Diligence
Respond quickly and completely to document requests. Expect scrutiny of your financials, contracts, employee records, and any litigation history. Also begin the landlord approval process for lease assignment immediately — it is the most common source of delay.
Phase 4 — Closing & Handoff
10
Close the Sale
You deliver the Bill of Sale, assignments of contracts and lease, the signed non-compete, all access credentials, and business records. Inventory is counted and valued just before closing. Funds are wired at closing, less any seller note.
11
Deliver the Transition
Honor your training commitment fully — typically 2 to 8 weeks. Personally introduce the buyer to key customers, suppliers, and employees. If part of your price is a seller note or earnout, your payout depends on the business continuing to perform.
💡 Announce the sale to employees only after closing, and do it in person alongside the new owner. Early announcements cause key staff to leave and can collapse the deal.
12
Mark It Sold and Handle Taxes
Sign in and click 🏠 Mark as Sold on your listing. Then work with your CPA on the purchase price allocation (IRS Form 8594) — how the price is split between equipment, inventory, goodwill, and the non-compete directly determines your tax bill.

Ready to Get Started?

Whether you're buying or selling, Realistor.com gives you free listings, pre-qualified buyers, professional contract templates, and a vetted network of lenders, escrow officers, transaction coordinators, and inspectors.

This guide is general information, not legal, tax, or financial advice. Procedures and timelines vary by state, property type, and transaction. Always consult a licensed real estate attorney, CPA, and lender for your specific situation.

Escrow, Title & Closing Guide

The practical mechanics — who to call, what to order, what to sign, and in what order. A complete A-to-Z execution walkthrough.

Selling Your Property — Complete Execution
This is the operational version: exactly who opens escrow, how title gets ordered, who orders the appraisal, and what happens on closing day. Every step names the responsible party so nothing falls through the cracks.
Stage 1 — Before You List
1
You
Pull Your Mortgage Payoff Amount
Call your lender's payoff department and request a written payoff demand statement. Your monthly statement balance is not the payoff — the real figure includes accrued interest, recording fees, and any prepayment penalty. Payoff quotes are valid for a specific date, typically 10–30 days.
💡 Subtract the payoff, estimated closing costs (roughly 6–8% of sale price), and any liens from your expected sale price. That's your realistic net proceeds — know it before you list.
2
You
Confirm How Title Is Currently Vested
Find your grant deed and check exactly how your name appears. Everyone listed on the deed must sign to sell. If a co-owner is deceased, divorced away, or the property sits in a trust, that must be resolved before closing.
⚠ Common problems that stall escrow: a deceased spouse still on title, an old divorce decree never recorded, a trust that needs a Certification of Trust, or an unreleased lien from a paid-off loan. Fix these early — they take weeks, not days.
3
You
Gather Your Document Package
Escrow, the buyer, and the appraiser will all request these. Having them ready shortens your escrow by days.
Have Ready
  • Grant deed and most recent title policy
  • Current property tax bill
  • Mortgage payoff statement and loan account numbers
  • HOA contact, dues amount, CC&Rs, and financials
  • Permits for any additions, remodels, or roof work
  • Appliance and system warranties still in effect
  • Survey or plot plan if you have one
  • Photo ID matching the name on title
Stage 2 — List & Receive Offers
4
You
Post Your Listing
Sign in to Realistor.com, click List Your Property or Business, complete the form, upload photos, and verify by email. Free, live within 24 hours of approval. Every buyer who contacts you has already passed financial pre-qualification.
5
You
Evaluate Each Offer Beyond the Price
Read past the headline number. What actually predicts whether an offer closes:
What to Check on Every Offer
  • Proof of funds or pre-approval letter — if it's missing, request it before responding
  • Financing type — cash closes fastest, then conventional, then FHA/VA which carry stricter property condition requirements
  • Down payment size — a larger down payment means less appraisal risk
  • Which contingencies are waived and how long the remaining ones run
  • Earnest money amount — a bigger deposit signals commitment
  • Requested closing date and whether they need a rentback
  • Who pays which closing costs — seller credits reduce your net
6
You & Buyer
Counter, Agree, and Sign
Counter on price, timeline, or cost allocation. When both parties sign the Residential Purchase Agreement, you are in contract. Every deadline in the agreement now runs from the acceptance date — write that date at the top of the first page.
Stage 3 — Opening Escrow
7
Seller or Buyer
Choose the Escrow Company
Escrow is a neutral third party that holds the money and documents and only releases them when every condition is met. It works for both sides, not one. In California the seller customarily selects escrow; elsewhere the buyer or a title company handles it. Whoever chooses, both parties must agree in writing — it's a line in the purchase agreement.
💡 Use an escrow or title company you can verify independently — licensed, established, with a physical office you could walk into. Realistor.com's partner network includes vetted escrow and title companies.
8
Seller or Buyer
Open Escrow — Exactly How
Call the escrow company and say "I'd like to open a new escrow." They'll take the information below, assign an escrow number and an escrow officer, and email opening instructions to both parties within a day.
What Escrow Needs to Open the File
  • Fully signed purchase agreement with all addenda
  • Property address and APN / parcel number
  • Full legal names, phone, and email for all buyers and sellers
  • Purchase price, deposit amount, and closing date
  • Buyer's lender name and loan officer contact
  • Your existing lender name and loan number for the payoff
  • HOA management company contact if applicable
📞 What to expect on that call: it takes about 10 minutes. You'll get the escrow number by email the same day. From that point, the escrow officer is your main coordinator — every question about money, documents, or timing goes to them.
9
Buyer
Buyer Wires the Earnest Money Deposit
The buyer wires their deposit — typically 1–3% of purchase price — into the escrow trust account within the days specified in the contract. Escrow confirms receipt in writing to both parties.
Wire fraud is the number one financial crime in real estate. Criminals monitor email, then send fake wire instructions that look identical to escrow's. Always call escrow at a number you looked up yourself — never a number in an email — and verbally confirm wire details before sending. Escrow will never email you updated wire instructions at the last minute.
Stage 4 — Title
10
Escrow Officer
Escrow Orders the Preliminary Title Report
You do not order title yourself — your escrow officer orders it automatically when escrow opens. The title company researches county records and issues a Preliminary Title Report (the "prelim") in roughly 3–7 days, delivered to escrow, you, and the buyer.
What the Prelim Reveals
  • Vesting — exactly who legally owns the property today
  • Legal description and parcel number
  • Liens — mortgages, tax liens, mechanic's liens, judgments, HOA liens
  • Easements — utility, access, or shared driveway rights
  • CC&Rs and recorded restrictions
  • Property tax status and any special assessments
11
You
Read Your Own Prelim and Clear Any Problems
Read it the day it arrives. If something appears that shouldn't — an old loan you paid off years ago, a contractor's lien, an ex-spouse still vested — that must be cleared before closing. Title will not insure and the buyer's lender will not fund with unresolved clouds on title.
💡 Old paid-off loans that were never formally released are extremely common. The fix is a reconveyance from the old lender, and it can take 2–4 weeks. Start the day you spot it.
12
Buyer
Buyer Approves Title
The buyer reviews the prelim within their title contingency period and either approves it or objects to specific items. At closing, the title company issues an owner's policy to the buyer and a lender's policy to their bank, insuring against defects that predate the sale.
Stage 5 — Inspections & Appraisal
13
Buyer
Buyer's Inspections
The buyer schedules and pays for inspections during their inspection contingency — typically 17 days in California. Your job is access: unlock gates, clear attic and crawlspace entries, ensure utilities are on, and leave for a few hours.
14
Lender
Who Orders the Appraisal — and How
This surprises most sellers: the buyer's lender orders the appraisal, not the buyer and not you. Federal appraiser independence rules passed after 2008 prohibit anyone with an interest in the sale from contacting or selecting the appraiser. The lender orders through an Appraisal Management Company, which assigns a licensed appraiser at random from a panel.
How the Appraisal Actually Runs
  • Buyer pays the fee — roughly $500–$900 residential — usually charged upfront
  • The AMC assigns an appraiser; typical turnaround is 7–14 days
  • The appraiser calls to schedule access — the visit takes 30–60 minutes
  • They measure, photograph every room, and note condition and upgrades
  • The report goes to the lender, who must provide the buyer a copy
  • Sellers are not automatically given a copy — you must ask the buyer
💡 You may leave the appraiser a written list of upgrades with dates and costs, plus recent comparable sales. That is permitted. Attempting to influence their value conclusion is not.
15
You & Buyer
If the Appraisal Comes In Low
The lender will only lend against the appraised value, not the contract price. If it appraises below your price, you have four paths: hold firm and let the buyer cover the gap in cash, reduce the price to the appraised value, split the difference, or let the buyer cancel under their appraisal contingency. A reconsideration of value can be requested if the appraiser missed relevant comparable sales, but it rarely succeeds.
16
You
Deliver All Disclosures
Complete and deliver the Transfer Disclosure Statement, Seller Property Questionnaire, Natural Hazard Disclosure, and for homes built before 1978, the Lead-Based Paint Disclosure. The buyer signs receipt, which starts their review period.
⚠ Disclose every known material defect — past leaks, prior repairs, neighbor disputes, deaths on the property within 3 years. Non-disclosure is the leading cause of post-closing lawsuits, and "I forgot" is not a defense.
17
You & Buyer
Handle the Repair Request
After inspections the buyer may request repairs, a credit, or a price reduction. You can complete the repairs, offer a closing cost credit instead, or decline. A credit is usually cleaner — no contractor scheduling, no disputes over workmanship, no delay.
18
Buyer
Buyer Removes Contingencies
Once satisfied with inspections, appraisal, title, and loan approval, the buyer signs a contingency removal. After this, their deposit is at risk if they walk. This is the point where the deal becomes substantially firm.
Stage 6 — Closing
19
Escrow Officer
Escrow Prepares Your Settlement Statement
Roughly a week before closing, escrow issues an Estimated Settlement Statement showing every debit and credit and your projected net proceeds. Review it line by line.
Typical Seller Charges
  • Mortgage payoff plus per-diem interest through closing
  • Real estate commissions if you used agents
  • Owner's title insurance policy (customary for seller in most CA counties)
  • County and city transfer taxes
  • Escrow fee — typically split with buyer
  • Prorated property taxes through the closing date
  • HOA transfer fee and document fees
  • Any agreed repair or closing cost credits to buyer
  • Natural hazard disclosure report and home warranty if you agreed to pay
💡 Question anything you don't recognize. Fees get added by habit, and escrow will remove or explain any charge that shouldn't be there.
20
You
Sign Your Closing Documents
Sellers sign before buyers, usually 3–5 days before closing. You'll sign at the escrow office or with a mobile notary who comes to you. Bring unexpired government photo ID matching the name on title exactly.
What You'll Sign
  • Grant Deed — transfers ownership; must be notarized
  • Final Settlement Statement
  • Payoff authorization for your lender
  • Certificate of Non-Foreign Status (FIRPTA) — confirms you're a U.S. person
  • California Form 593 — state withholding certification
  • Bill of sale for any personal property included
  • Wire instructions for your proceeds
⚠ The name on your ID must match the vesting on title exactly. If you married, divorced, or changed your name since purchase, tell escrow now — they'll need supporting documents.
21
Buyer & Lender
Buyer Signs and the Loan Funds
The buyer signs their loan documents, then wires their down payment and closing costs. The lender reviews the signed package and wires the loan proceeds to escrow. Funding usually happens 1–2 days after the buyer signs.
22
Escrow & County
Recording — The Actual Moment of Sale
Once escrow holds all funds and signed documents, they send the deed to the county recorder. When it records, ownership legally transfers. Recording is the closing — not signing, not funding. Escrow calls or emails both parties to confirm "we have recorded."
23
Escrow Officer
Escrow Disburses and You Get Paid
Immediately after recording, escrow pays out in order: your mortgage payoff, liens, commissions, transfer taxes, and fees — then wires your net proceeds to the account you designated. Same day if recording happens in the morning, next business day otherwise.
💡 Confirm your wire instructions verbally with escrow before signing day, and verify the funds landed in your account the same day. Don't rely on email confirmation alone.
24
You
Hand Over and Close Out
Deliver every key, remote, gate code, mailbox key, and appliance manual per your possession terms. Cancel your homeowner's insurance only after recording is confirmed. Notify utilities to transfer or close accounts as of the closing date.
25
You
Mark It Sold and File Your Records
Sign in to Realistor.com, find your listing, and click 🏠 Mark as Sold. Then keep your Final Settlement Statement, the recorded deed, and all improvement receipts permanently — you need them to calculate capital gains. If this was your primary residence for 2 of the last 5 years, you may exclude up to $250,000 of gain, or $500,000 filing jointly.
Writing an Offer That Gets Accepted
An offer is a complete proposal, not just a price. Below is every term you'll fill in, what each one actually does, and how sellers read it. A well-structured offer at a slightly lower price frequently beats a higher one with sloppy terms.
Before You Write Anything
1
Have Your Proof Ready
Never submit an offer without documentation attached. Sellers discard offers that lack it.
Attach to Every Offer
  • Pre-approval letter from a licensed lender, dated within 30 days — not a pre-qualification
  • Proof of funds for cash offers, or for your down payment — a recent bank statement with the account number redacted
  • Your Qualified Buyer Certificate from Realistor.com
  • Optional: a short personal letter, though be aware some sellers and lenders now discourage these for fair housing reasons
Every Term in the Offer, Explained
2
Filling Out the Purchase Agreement
Use our Residential Purchase Agreement or Commercial Purchase & Sale Agreement template. Here's what each field controls and how sellers weigh it:
Purchase Price
Your offer amount. Base it on recent closed sales of comparable properties, not on list price or active listings. In a competitive market, escalation clauses can help but require careful wording.
Earnest Money Deposit
Typically 1–3%. A larger deposit signals commitment and strengthens your offer. It is credited toward your down payment at closing — it is not an extra cost, only money at risk if you breach.
Deposit Timing
How many days after acceptance you'll wire it. 3 business days is standard. Offering faster looks decisive.
Financing Type
Cash, conventional, FHA, VA, or USDA. Sellers rank these by certainty and speed. FHA and VA carry property condition standards that can require repairs before funding — sellers know this and factor it in.
Down Payment
Amount and percentage. A larger down payment reduces appraisal-gap risk and reassures the seller your loan will fund.
Loan Contingency
Days to secure written loan approval. 17–21 days is typical. Shortening it strengthens your offer but raises your risk — only shorten if your lender confirms they can perform.
Appraisal Contingency
Protects you if the property appraises below the contract price. Waiving it means you cover any shortfall in cash. Only waive if you genuinely have those funds available.
Inspection Contingency
Days to inspect and approve condition. 17 days is standard in California. This is your broadest escape hatch — think hard before shortening it below 10 days.
Title Contingency
Days to review the Preliminary Title Report and object to easements, liens, or restrictions. Usually runs concurrently with inspection.
Closing Date
Target date for recording. 30–45 days financed, 10–21 days cash. Matching the seller's preferred timeline is often worth more to them than a few thousand dollars.
Possession
When you get keys — at recording, or a set number of days after. If the seller needs to stay, a short rentback can make your offer far more attractive.
Closing Cost Allocation
Who pays escrow fees, title policies, transfer taxes, and county fees. Follow local custom unless you have a reason to deviate. Asking for a seller credit effectively reduces their net — treat it as a price reduction.
Included / Excluded Items
Name anything you expect to stay that isn't permanently attached — refrigerator, washer, dryer, TV mounts, patio furniture. Verbal understandings are unenforceable.
Home Warranty
Whether the seller pays for a one-year warranty and the cap amount. A modest ask that sellers commonly accept.
Offer Expiration
How long the seller has to respond — usually 24–72 hours. Too short reads as pressure; too long lets them shop your offer against others.
Business Offers Work Differently
3
Start with a Letter of Intent, Not a Contract
Business and commercial acquisitions begin with a non-binding Letter of Intent. It aligns both sides on major terms before anyone pays attorneys to draft a full agreement. Only after the LOI is agreed does a binding purchase agreement get written.
What Goes in a Business LOI
  • Purchase price and how it was derived — the multiple of SDE or EBITDA you applied
  • Deal structure — asset purchase or stock purchase (this determines what liabilities you inherit)
  • Deposit amount and when it goes hard
  • How much is cash at closing versus seller note or earnout
  • Due diligence period — typically 30–60 days
  • Seller's training and transition commitment in weeks
  • Non-compete terms — radius and duration
  • Whether the deal is contingent on SBA financing and lease assignment
  • Exclusivity period barring the seller from negotiating with others
💡 Asset purchase versus stock purchase is the single most consequential term. In an asset purchase you buy specific assets and assume only the liabilities you name. In a stock purchase you buy the entity and inherit everything, including unknown past tax and legal exposure. Buyers should default to asset purchases.
4
Submit and Follow Up
Send your offer with all supporting documents attached in one message. Confirm receipt. If you don't hear back by your expiration, follow up once — sellers sometimes miss email, and a polite check-in is not weakness.
Getting from Accepted Offer to Recorded Deed
Closing is a sequence, and each step gates the next. Below is the real estate closing sequence first, then the business closing sequence — which differs in important ways since there's no deed to record.
Real Estate Closing — The Sequence
1
Escrow
Escrow Opens and Confirms the Deposit
Escrow issues the escrow number, sends opening instructions to both parties, receives the buyer's earnest money, and confirms in writing. Nothing else starts until escrow confirms the deposit.
2
Escrow → Title Co.
Title Search and Preliminary Report
Escrow orders the prelim. It arrives in 3–7 days and goes to escrow, buyer, and seller. Both sides read it immediately — title problems take the longest to fix and are the most common cause of delayed closings.
3
Buyer
Inspections Complete
Buyer completes all physical inspections within the contingency window and either approves condition or submits a repair request. Any renegotiation happens here, documented as a signed addendum.
4
Lender
Appraisal Ordered and Completed
The lender orders it through an AMC. 7–14 days from order to report. The value must support the loan amount. If it comes in low, the parties renegotiate or the buyer covers the gap in cash.
5
Lender
Underwriting and Loan Approval
Underwriting verifies income, assets, employment, and credit, then reviews the appraisal and title. The buyer receives conditional approval with a list of remaining items, then clear to close once satisfied.
⚠ Buyers: from application through funding, do not open credit accounts, finance a car, change jobs, or move large sums between accounts. Lenders re-pull credit days before funding, and any of these can kill the loan at the last minute.
6
Buyer
Contingencies Removed
The buyer signs contingency removals for inspection, appraisal, title, and loan. From this point the earnest money is at risk. This step converts a conditional deal into a firm one.
7
Lender
Closing Disclosure Issued — the 3-Day Rule
Federal law requires the buyer receive the Closing Disclosure at least 3 business days before signing. Compare it against the original Loan Estimate and question any changed fee. Certain late changes restart the 3-day clock and push your closing.
8
Buyer
Final Walk-Through
Within 5 days before closing. Confirm the property is in the agreed condition, that repairs were completed, and that included items remain. Run water, test outlets and appliances, open the garage door, check the HVAC.
9
Both Parties
Signing
Seller signs the grant deed and closing documents, typically first. Buyer signs the loan package and settlement statement. Both require notarization and unexpired photo ID matching names exactly as they appear on the documents.
10
Buyer & Lender
Funding
The buyer wires their down payment and closing costs to escrow. The lender reviews the signed package and wires loan proceeds. Escrow confirms it holds 100% of required funds.
11
County Recorder
Recording — Ownership Transfers
Escrow submits the deed to the county. When it records, title legally transfers. This is the actual moment of closing. Recording typically happens the morning after funding.
12
Escrow
Disbursement and Keys
Escrow pays the seller's mortgage payoff, liens, commissions, taxes, and fees, then wires the seller's net proceeds. Keys transfer per the possession terms. Both parties receive a Final Settlement Statement — keep it permanently for taxes.
Business Closing — What Changes
1
No Deed — a Bill of Sale Instead
There is no county recording for a business. Ownership transfers through a Bill of Sale for assets, or through stock certificates and transfer powers for an entity purchase. Escrow is still commonly used to hold funds, but the closing itself is a document exchange.
2
UCC Search Replaces Title Search
Instead of a title report, the buyer runs a UCC lien search with the Secretary of State to find creditors holding security interests in the business assets, plus searches for tax liens and judgments. Any existing UCC filings must be terminated at closing so assets transfer free and clear.
3
Business Valuation Replaces Appraisal
SBA lenders require an independent business valuation rather than a real estate appraisal. It analyzes earnings, industry multiples, and transferability. If real property is included, a separate real estate appraisal is also ordered.
4
Landlord Consent Is a Hard Gate
If the business leases its space, the landlord must approve the lease assignment or issue a new lease. This is frequently the longest pole in the tent — landlords may demand financials, personal guarantees, or a new deposit. Start this the day due diligence begins, not the week before closing.
⚠ No landlord consent means no closing. A business that cannot occupy its location is not the business the buyer agreed to purchase.
5
Licenses, Permits, and Transfers
Verify which licenses transfer and which the buyer must reapply for independently. Liquor licenses, contractor licenses, professional licenses, and health permits each follow their own rules and timelines. Also handle the seller's final sales tax clearance so the buyer doesn't inherit unpaid tax liability.
6
Inventory Count the Day Before
Inventory is typically counted and valued the day before or morning of closing, with the final purchase price adjusted to actual counted value. Both parties or their representatives should be present.
7
Closing Day Document Exchange
Everything transfers at once:
Seller Delivers at Closing
  • Bill of Sale covering all purchased assets
  • Assignment and Assumption of Lease with landlord consent attached
  • Assignment of customer and vendor contracts
  • Executed Non-Compete and Non-Solicitation Agreement
  • All keys, alarm codes, passwords, and domain credentials
  • Customer lists, vendor records, and operating documentation
  • UCC termination statements clearing prior liens
  • For stock sales: certificates, transfer powers, minute books, resignations of officers
8
Purchase Price Allocation — IRS Form 8594
Buyer and seller must agree in writing how the price splits across equipment, inventory, goodwill, and the non-compete, then file matching Form 8594 with their tax returns. The allocation directly changes both parties' tax bills — buyers want more allocated to depreciable equipment, sellers want more to goodwill taxed at capital gains rates.
⚠ If the buyer and seller file inconsistent allocations, it is a well-known IRS audit trigger for both. Agree on the numbers before closing and put them in the purchase agreement.
9
Transition Period Begins
The seller's training obligation — typically 2 to 8 weeks — starts at closing. The seller personally introduces the buyer to key customers, suppliers, and staff. Announce the sale to employees only after closing, in person, with both parties present.
💡 If part of the price is a seller note or earnout, the seller has a direct financial stake in the transition succeeding. Structure it that way deliberately — it aligns both parties.

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This guide describes general practice and customs that vary by state and county. It is not legal, tax, or financial advice. Consult a licensed real estate attorney, CPA, escrow officer, and lender for your specific transaction.

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