Page 35 - eBook

From Escrow to Close
We have found you a home, successfully negotiated a contract and have an accepted offer.
It is time to open escrow! An escrow and title account is opened with a third party company who facilitate the neutral management and disbursement of all monies exchanging hands. Typically escrow and title are handled by one company, but it can be handled by two different third party entities. In this process, the company will provide a title report for review, receipt of your initial deposit and assist with the nal estimated closing costs, as well as signing of all the nal closing paperwork.
Once you have started the escrow process there will be a number of action items with speci c deadlines required by the various parties in the transaction. Each of these action items are determined by the speci cs of your accepted contract and local regulations or laws. Some examples will be:
• Review of property disclosures
• Buyer inspections
• An appraisal
• City or county required inspections
We will manage the details throughout the escrow process, providing you guidance on what you need to complete and when. We will also coordinate with the multiple involved parties to ensure each are meeting the required actions and deadlines.
When every step is complete, and every condition is met, you will be able to sign your nal paperwork, deposit remaining monies and close escrow to receive the keys to your new home!
EACH OFFICE IS INDEPENDENTLY OWNED AND OPERATED.