A real estate transaction in California follows a fairly predictable path. Knowing the steps in advance takes much of the stress out of it, and it helps you judge whether the person guiding you is doing their job. Here is the path, with notes on what is particular to Coronado.
If you are selling
1. Valuation and strategy
A good agent builds a valuation from truly comparable sales, not an island-wide average. Coronado is small but it is not one market: a Village cottage, a Shores condo and a Cays waterfront home are priced on different logic. You should leave this step understanding why the number is what it is.
2. Preparation and disclosures
California sellers provide required disclosures, including the Transfer Disclosure Statement. On the island, buyers also ask about permits for remodels and additions, historic status and flood zones, so gathering those records early prevents surprises.
3. Marketing and offers
Professional photography, accurate descriptions and the right exposure bring qualified buyers. Offers are compared on price, terms, contingencies and the strength of the buyer's financing, not on the headline number alone.
If you are buying
1. Financing first
Get pre-approved so you know your budget and can compete. Sellers on the island take financing strength seriously.
2. Tours and offers
Your agent helps you compare properties and prepare an offer. Buyers typically sign a written agreement with their agent before touring, and it should spell out how the agent is paid.
3. Due diligence
After an offer is accepted, a buyer usually has a set period to inspect the property, review disclosures and, for condos, read the association documents. This is your chance to learn what you are buying, and to negotiate or walk away if something is wrong.
For both sides: escrow and closing
A neutral escrow company holds funds and documents while the lender completes its work, the appraisal is done and the title is reviewed. The transaction closes when everything is signed and funded, and the deed is recorded. A good agent tracks the deadlines so nothing lapses.
What a good agent does throughout
- Explains each step before it happens, in plain language.
- Returns calls and answers questions promptly.
- Tells you the truth about price, condition and risk, even when it is not what you hoped to hear.
Timelines, forms and requirements can change. This is a general overview, not legal or tax advice.