Our Corona del Mar Cash Offer Process

Step 1: Tell Us About the Property

The process starts with basic information: the address, general condition, and your timeline. Corona del Mar properties vary enormously, from small original 1940s and 1950s cottages on 30-foot lots to fully rebuilt homes near Ocean Boulevard and China Cove, so we ask a few questions up front to understand which kind of property we’re evaluating.

Step 2: We Run Comparable Sales

We look at recent comparable sales specific to the property’s location and condition, distinguishing between retail-ready rebuilds that command top dollar and original cottages that a buyer will likely need to renovate or rebuild. We also factor in lot size, parking, and any Coastal Zone considerations for a future remodel, since Corona del Mar sits within the California Coastal Zone and a significant rebuild near the bluff or beach can require a Coastal Development Permit in addition to standard city permits.

Step 3: We Send a Written Offer

Within 24 to 48 hours of reviewing the property, we send a written cash offer with a specific price and proposed closing timeline. There is no obligation attached, and you are free to compare it against a traditional listing or another buyer’s offer.

Step 4: Escrow and Title Open

If you accept, we open escrow with a title company, which orders a preliminary title report to confirm ownership and identify any liens or title issues that need to be resolved before closing. For a tenant-occupied or multi-unit property, this stage is also where we would collect lease documents or estoppel information.

Step 5: Signing

Closing documents are prepared and signed, typically through the title company or with a mobile notary if you are not local. Because there is no lender involved on our side, there is no loan-document package to sign, which is part of why this step moves faster than a financed sale.

Step 6: Recording and Funding

Once signed documents are complete, the deed is recorded with the Orange County Clerk-Recorder in Santa Ana, and funds are disbursed to you at closing. Orange County’s documentary transfer tax runs $1.10 per $1,000 of value with no separate city transfer tax in Newport Beach, and Los Angeles’s Measure ULA does not apply here since it is a city-of-Los-Angeles-only tax.

How Long the Whole Process Takes

A straightforward vacant property can close in as little as one to three weeks from an accepted offer. A tenant-occupied building or a property still working through probate typically takes a bit longer while we confirm leases or estate paperwork, but the underlying steps above stay the same.

Ready to start? Call or text (424) 493-4424 or use the form above, and we’ll begin with step one.

Frequently Asked Questions

How long does the entire process take from start to finish?

A straightforward sale can close in as little as one to three weeks after you accept our offer, though the timeline can be extended to fit your needs.

Do I need an appraisal?

No. Because there is no lender involved on our side, there is no appraisal requirement, which is one reason the process moves faster than a financed sale.

Where does the deed get recorded?

With the Orange County Clerk-Recorder’s office in Santa Ana, which serves Corona del Mar and the rest of Newport Beach.

What closing costs should I expect?

There are no agent commissions on a direct purchase from us. Orange County’s documentary transfer tax of $1.10 per $1,000 of value typically applies, and any other specific costs are laid out in the written offer.

Can I still back out after I sign the initial offer?

The written offer itself carries no obligation. Once you sign closing documents in escrow, the terms of that signed agreement govern, so review it carefully before signing.

Written and reviewed by the Cash Home Buyers CA team, a Woodland Hills-based cash home buyer serving Newport Beach and Orange County, CA.