The disbursement of funds to the seller following the completion of a real estate transaction is a critical step. This typically occurs after all documents are signed, recorded with the local government (county recorder), and the title company has confirmed that all conditions of the sale have been met. The precise timeframe for this process can vary depending on local laws, the specific title company, and any unique terms outlined in the purchase agreement.
Prompt and accurate payment to the seller is vital for maintaining trust and confidence in the real estate market. Delays can create financial hardship and legal complications. The efficiency of this process has evolved over time, with increased adoption of electronic transfers and streamlined procedures designed to expedite fund disbursement. Historically, this process involved physical checks and longer clearance periods.