Buying a House in 2023: Stepping Into Your House

Part 3 of this guide includes the steps for moving to Bakersfield. After this, you can stop looking at the real estate market.

Here you will be finalizing the escrow and getting the keys to your house. It also guides you for small things like concluding the contract, paying the home seller, and clearing the conditions while things are being sorted out.

Basically, things like settling and wrapping up with escrow are referred to as clearing conditions.

For that, the lender will ask escrow about their wiring instructions so that the said amount can be sent through the buyer via bank to them.

Following the instructions given by escrow, you as a buyer will then ask the bank to send that amount directly to escrow, and escrow services are done here. Then the bank will fund you the loan and you will finally have the mortgage and are now a part of the Bakersfield real estate market.

This walkthrough will be done with the help of your Bakersfield realtor. Apart from thinking and taking suggestions about where to set your furniture in this walkthrough, a little more needs to be done.

Remember when we talked about home inspections and home repairs with the help of escrow? We talked about what the seller is going to fix and whether he is going to remove their stuff from the garage etc. and we said that we will have a documented record of these things with the seller.

This is what needs to be checked in the final walkthrough, to ensure that those things are actually done from the seller’s side.

It is possible that you may hear all this information in advance from your seller about what things are done and what is pending.

In this case, you only need to check the things that were pending from his side, else you can directly go to the part where you can see where to keep your couch and where to set your other furniture items so that you are good to go.

It is important to cover this final walkthrough part, five days before closing things with the escrow. So again, yes, there is actually a lot happening side by side in the escrow, but now you have a checklist of all the things that need to be done.

Right at this point, everything is done from the buyer’s side. So now we only need to wait as the agreements are made and escrow payments are sent.

In the meantime, when we are waiting, situations like sellers packing their stuff for moving out so that buyers can come in are actually happening. In addition, the buyer will get the house keys.

This will be discussed in the meantime to make sure that things are being done as per the discussion and that nothing is happening out of order.

Finally, at the closing day, all the information about the buyer, including the loan they have received from the bank, escrow, and local lender they have involved, and how they have helped the buyer throughout the procedure, will be sent to the county so that the house can be shifted under the buyer’s name.

The county will mark everything as checked and done as all the procedure is already done from the buyer, seller, escrow, and lender’s side and will assign the buyer, which is you, as the homeowner.

Also, you can now finally fall in love with your house as you get the keys and it’s your house. Do whatever you need to do. Place that couch wherever you to place it. Set down your furniture as per your liking. It’s all yours now and you are the owner of your new house in Bakersfield, California.