Page 5 - Kim Sargent GuideBuyerCustom.pdf
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Top 10 Buyer’s Questions
When will I know the amount of funds you may take it home for further review. Should
required to close escrow? you have any questions after reviewing your
Upon receipt of your loan documents and package, please do not hesitate to contact your
preparation of your escrow instructions, we will escrow officer.
contact your real estate agent and/or you to let you
know the amount of funds you will need to close What is a Statement of Information?
escrow. Statements of Information provide title companies
with the information they need to distinguish the
Who will call me to schedule an buyers and sellers of real property from others
appointment? with similar names. After identifying the true
Normally, your real estate agent will call you. buyers and sellers, title companies may disregard
However, sometimes we will call you from the title the judgments, liens or other matters on the
company to make arrangements for your signing.
public records under similar names.
Can I give you a personal check? When should I shop for homeowners / fire
According Arizona State Law, all funds must be in insurance?
the form of a cashier’s check or wired funds from We suggest that you start shopping for
your financial institution. We will accept a personal homeowners / fire insurance as soon as your offer
check ONLY for your Earnest Deposit.
is accepted (it is a good idea to call your current
insurer first.) Know the age of your home when
When do I get my keys? shopping for insurance. Please have your agent
At the close of escrow, your real estate agent will contact your escrow officer when you have made
contact you regarding the disbursement of the your decision.
keys. Usually, this is by noon on the day you close
escrow unless, other arrangements have been What do I need to bring with me to the
made. Title Company when I go in to sign my
How much time should I allow for my documents?
signing appointment? You will need a cashier’s check payable to Driggs
Please allow approximately 45-60 minutes for Title (If the amount was given to you previously).
your signing appointment. Bring a valid driver’s license, valid state ID, Arizona
ID card, valid passport or Military ID.
What will the escrow officer explain to me When will I receive my Deed showing
at my appointment? proof of ownership?
Escrow instructions with terms of sale per your
purchase contact, the estimated escrow The day escrow closes is the day the deed
statement, preliminary report, etc. The escrow records with the county and you become the
officer will explain any reports and inspections that owner of your home. It could take 6-10 weeks
may be required on the property. We will also from that date for the county to mail you the
provide you with a complete package of all original signed/recorded deed. Real Estate
documents. Escrow instructions with terms of sale transactions are complicated and can be
per your purchase contact, the estimated escrow confusing. Driggs Title will be happy to answer
statement, preliminary report, etc. The escrow any questions that arise during the process.
officer will explain any reports and inspections that
may be required on the property. We will also
provide you with a complete package of all the
ldocuments you have signed so that you may take
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