How the process works:
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Buyer and seller come to an agreement on prices & terms
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We will sent seller a 1 page contract to sign via email.
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Once the contract is signed we open escrow with a AZ title company
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Title orders a title report (report show ownership of property, any liens, outstanding debts, etc). Usually takes a week to receive.
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Once title report is received and clear of any issues. Title company prepares a settlement sheet (showing title costs and seller net processes). Title and costing costs usually total about $1200 and if each party split that it would be $600 each. It is sellers responsibility to pay any/all property taxes owed. This can be done at closing with the title company.
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Title will send out closing paperwork. The deed and a few other items will need to be notarized. Title company can help coordinate with a notary, especially if you live out of state. The title company we work with (Pioneer Title) even has a remote online notarization (RON) option for closing.
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Once everyone signs everything, buyer wires funds to title the closing takes place and deeds are recorded with the county record. Sellers can have their funds wired or fed-x to them and typically receive funds same or next day.
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Transactions are usually really smooth unless there are some unforeseen title issues.
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Process usually takes 2 weeks, start to finish.