Buying
How long is escrow in California?
Short answer
Standard escrow is 30 days. Cash deals can close in 7-21 days. Loan escrows can extend to 35-45 days for jumbo loans or VA loans with appraisal complications.
Standard California escrow is 30 days from contract acceptance to recorded close. This is the default for most loan-financed purchases in the East Bay.
Faster timelines: - Cash close: 7-21 days is typical. No loan, no appraisal contingency (usually), no lender timeline. - Pre-underwritten loan close: 21-25 days. The loan is essentially ready to fund. - Investor close: Some investor purchases close in 7-10 days when speed is the priority.
Slower timelines: - Jumbo loans (>$1,089,300 in Alameda/Contra Costa for 2024): 30-40 days. Jumbo underwriting is more involved. - VA loans: 30-45 days. VA appraisals can take longer; VA underwriting has specific requirements. - FHA loans: 30-45 days, similar to VA on appraisal timing. - First-time buyer with assistance program: 35-45 days. Layered programs slow things.
Key escrow milestones (standard 30-day): - Day 1: Open escrow, earnest money deposited. - Days 1-17: Inspection contingency period. - Days 1-17: Appraisal contingency period. - Days 1-21: Loan contingency period. - Days 17-21: Buyer removes contingencies in writing. - Days 25-30: Final walkthrough, loan funding, recording.
Roger coordinates the entire escrow timeline and keeps both sides on track.
What I've written here is general. Your specific timeline, equity position, and the exact neighborhood pocket your home is in all change the math. For a complete picture, call or text (510) 504-0402, reach my 24/7 line at (406) 205-9003, or email roger@grubb.net. The first 20 minutes are free and there's no pitch.