Close The Deal
Once you and the seller come to terms, we work with you to schedule the inspection, mortgage, appraisal, home insurance and utilities transfer. A Redfin associate agent, who specializes in closing, will work directly with you and your lead agent. We'll keep you in the loop and let you know when you need to do something. You can call whenever you have a question.
After you and the seller agree on a price for the home, here's what happens:
- You deposit your earnest money, usually within one to three business days, to hold the deal. We'll make sure you know where and how to deposit it.
- You work with your lender to finalize your financing and make sure it's ready at closing.
- Redfin helps you schedule the inspection, the mortgage appraisal and the insurance review.
- We check the title of the home to make sure there are no claims or disputes.
- We make sure everything's set up for you to sign and close, including escrow.
Unless the property is still under construction when you come to terms, the closing process usually takes 30 - 60 days. We stay with you until the deal is done.
When it's all over, we share the commission. You get an average refund of more than $7,500, which you can apply to closing costs or take in the form of a check.