Moving In
Closing Day
If you have come this far, then this means that it is almost time for a congratulations, but not yet. Do not forget to tie up these loose ends:
Final Walk-Through Inspection.
More of a formality than anything else, the final inspection takes place a day before, or the day of the closing. You will visit the property to verify that all is in working order, everything is the same as when you last viewed the property, that there are no extra items left behind, and that everything included in your purchase is still at the property.
Home Services and Utilities.
We will provide a list of useful numbers for the activation of home services and utilities after the closing occurs.
Be Prepared.
We are ready to assist you should an unforeseen glitch pop up, even at this last stage. Something at the property breaks down, or some other minor detail – no need to worry. We have encountered these problems before so we know how to handle them efficiently and in a stress-free manor.
Closing.
The closing agent will furnish all parties involved with a settlement statement, which summarizes and details the financial transactions enacted in the process. You and the seller(s) will sign this statement, as well as the closing agent, certifying its accuracy. If you are obtaining financing, you will have to sign all pertinent documentation required by the lending institution. If you are unable to attend the scheduled closing, arrangements can be made depending on the circumstances and the notice that we receive. If you are bringing funds to the transaction, you can elect to either have the funds wired electronically into the closing agent’s escrow account, or bring a certified bank check to the closing in the amount specified on the settlement statement. The seller should arrange to have all property keys and any other important information for you at the closing so that you may receive these items at this time.
Buyers guide FAQs – Los Angeles
The first step is to review your finances, talk with a local LA‑area lender, and get pre‑approved so you know what price range and neighborhoods are realistic for your budget.
From accepted offer to closing, most LA home purchases take about 30–45 days, depending on your financing, inspections, appraisal, and how quickly everyone signs and returns documents.
Yes, a dedicated LA buyer’s agent tracks new CRMLS listings, analyzes value, writes competitive offers, negotiates terms, and guides you through disclosures, inspections, and closing.
Many LA buyers put 10–20% down, but some conventional and FHA loans allow as little as about 3% down if you qualify, while jumbo or higher‑priced homes may require larger down payments.
LA buyers typically pay closing costs of roughly 2–4% of the purchase price, including lender fees, title and escrow services, appraisal, recording charges, and prepaid property taxes and homeowners insurance.
Yes, a professional home inspection is strongly recommended to uncover structural, safety, or systems issues that may not be visible during showings and could affect your decisions or negotiations.
Yes, many lenders and programs in California and LA support first‑time buyers, and approval will depend on your credit profile, income, debts, and any down‑payment assistance you qualify for.
Yes, self‑employed buyers purchase in LA all the time, but lenders usually review at least two years of tax returns, business income, and bank statements to document stable income.
Many lenders prefer your total housing payment to stay around one‑third of your gross monthly income or less, even in a higher‑cost market like LA.