If you’re entering into the escrow process, here are the things it’s important you know.
Finding the right home – and a seller who will part for it at the right price – isn’t always easy. Once you do, you’re ready to get settled into your new place. Not so fast! First, you need to go through the escrow process, also known as closing. To help you navigate the escrow process so you can get into your new home quickly and affordably, we’ve laid out a few things you need to know.
You need an escrow officer.
Your escrow officer will serve as the unbiased third party, acting as the liaison between you and your seller. Your officer is there to help with the paperwork related to finalizing your home purchase, including title transfer, financing, and more. He or she will also work to keep you on track so closing doesn’t take too long.
You need to be careful when choosing an officer.
Not all escrow officers are created equal. As your real estate agent, friends, family, co-workers, etc. for referrals to ensure you’re working with an officer who will be committed to helping you. Also, if your property purchase is complex – say you’re buying a multiplex or a historic home – it’s a good idea to choose an officer with experience in that area.
You should shop around.
Closing will cost you – but you can control how much. Comparison shop for your escrow services. Compare escrow costs, including the basics like title searches and little expenses like wire transfer or courier fees.
Closing escrow isn’t always straightforward, so it pays to have experts on your side. To get dedicated service paired with top-tier escrow services when closing, contact Brighton Escrow. Our Hermosa Beach, California team is committed to helping you make the most of your escrow process.