Page 3 - Washington Buyers Guide - Benton County_Neat
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Table of CONTENTS
Quick Reference ................................................................................................................ 4
The Home Buying Process at a Glance ............................................................................. 5
Understanding the Escrow Process...................................................................................6-8
Understanding Escrow Impound Account ......................................................................... 9
Real Estate Tax Impound / Payment Schedule ...................................................................10
Who Pays What - A Guide to Closing Costs ...................................................................... 11
Why do you need title insurance? ...................................................................................12
Chicago Title’s ALTA Homeowner’s Policy .......................................................................13
Ways of Holding Title....................................................................................................... 14
Common Deeds in the State of Washington ...................................................................15
Life of an Escrow ............................................................................................................... 16
Understanding Property Taxes in Escrow ........................................................................ 17
Important Real Property Tax Dates - Washington ............................................................ 18
Closing Terms ............................................................................................................. 19-20
Closing Costs Checklist .....................................................................................................21
Your Appointment ............................................................................................................22
Tips for a Smooth Escrow Closing ..................................................................................... 23
Moving Checklist...............................................................................................................24
Connecting Utilities...........................................................................................................25
Local Entertainment.....................................................................................................26-27
Understanding FIRPTA ..................................................................................................... 28
Understanding the Language of Title and Escrow ........................................................ 29-30
Office Locations ...............................................................................................................31
Information provided in this package is for informational purposes only and is not or may not be construed as legal advice.
Please consult with an attorney to embark upon any specific course of action. Chicago Title makes no express or implied warranty
respecting the information presented and assumes no responsibility for errors or omissions.
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