12 Escrow Tips For Buyers

Here are a few tips for buyers that are going through the escrow process. The escrow process can seem confusing, but in reality it simply needs to be gone through step-by-step.

  1. Figure out your real estate agent’s role and how much of a responsibility they are going to take on.
  2. Complete your title and tenancy documents.
  3. Give your identifying information to the escrow company.
  4. You may need special consideration if you’re doing a 1031 exchange.
  5. Likewise, you should let the escrow company know if you’re attempting to sell a home while buying another home.
  6. Read and sign all the documents given to you by the escrow company.
  7. Give the escrow company all applicable information about your loan.
  8. Get your escrow agent’s contact information and your escrow number.
  9. Apprise your mortgage company, escrow company and real estate agent of any travel plans.
  10. Look through the preliminary title report carefully, as it may reveal very important information about easements or encroachments.
  11. Attend the final document signing and read over the documents thoroughly before signing.
  12. Transfer the relevant funds using either a wire transfer or cashier’s check.

For more information and insight into the escrow process contact the escrow experts at Brighton Escrow, serving the escrow needs of the South Bay area.

Related Posts