In real estate jargon, what does COE + 3 mean?
COE is a real estate acronym for close of escrow. COE + 3 translates to:
Possession to the buyer is three days after escrow closes. If escrow closes on Tuesday, Tuesday is day one, Wednesday day two and the third day (possession is Thursday).
Much of what is indicated in the residential purchase contract is negotiable. Certain items such as allocation of escrow and title fees are customary in certain neighborhoods. Possession to the buyer is typically negotiable and often runs the gamut from possession at closing to seller rent backs. In Multiple Offer situations, allowing the seller longer to remain in the home can be a powerful negotiating tool.
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Possession to the buyer is three days after escrow closes. If escrow closes on Tuesday, Tuesday is day one, Wednesday day two and the third day (possession is Thursday).
Much of what is indicated in the residential purchase contract is negotiable. Certain items such as allocation of escrow and title fees are customary in certain neighborhoods. Possession to the buyer is typically negotiable and often runs the gamut from possession at closing to seller rent backs. In Multiple Offer situations, allowing the seller longer to remain in the home can be a powerful negotiating tool.
Related Posts:
Los Angeles Home Buyers do you have the secret weapon?
Multiple Offers
Posted by Phyllis Harb at 2/6/2010 4:32 AM 
Categories: uncategorized
Tags: close of escrow and possession to buyer
Categories: uncategorized
Tags: close of escrow and possession to buyer
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