Understanding Escrow in California Real Estate

By
Real Estate Agent with First Team Real Estate 01492141

Many buyers from out of state or 1st time buyers always ask about Escrow and what it is.  Escrow is to everyone's benefit in a real estate transaction as it is a neutral party who ensures all paperwork is complete.

Escrow also holds any and all funds and does not disburse the money until after all the t's have been crossed and all the paperwork is complete.  The escrow officer is the person who makes sure the terms of the contract are carried out according to the contract.

With the constantly changing real estate laws, tax laws and complexities in any sale including a short sale it is very important to work with an experienced and knowledgeable escrow company.

The Desert Dream Team has a working relationship with our escrow officer and we feel that is important because we can with confidence know you are in good hands.

Comments (1)

Tina D Saporito, Your Dedicated Palm Desert, CA Realtor Since 2005
Ronald Christopher & Associates. Proudly serving Palm Desert, La Quinta, Indio, Rancho Mirage, & Palm Springs. - Palm Desert, CA
Call (760)799-8460. www.JustListedinPalmDesert.com

Great blog post explaining escrow. Canadians and other snowbirds will find this helpful.

Dec 31, 2013 04:36 AM