Getting Sellers & Buyers “Into” Escrow.

Reblogger Melanie Narducci
Real Estate Agent with Hillscape Properties, Inc. DRE#01452976

 

In San Francisco while it has become customary for the listing agent to open a pre-escrow account readying the seller for success, this is negotiable and a buyer may request another escrow company and negotiate this point within the purchase contract.  Closing costs vary by escrow company and are not dictated by law, so shopping around is always good advice, and who pays which closing costs are negotiable as well.    

Original content by Jon Kolsky 01311273

 

Getting Sellers & Buyers “Into” Escrow. 

 

long beach real estate What does “getting into escrow” mean to you? For buyers and sellers “getting into escrow” is music to their ears because that means both of them are getting what they wanted. Here in California, we use an independent third party company called escrow to facilitate the real estate purchase contract on behalf of both, buyer and seller. Once the escrow receives the RE purchase contract, escrow prepared instructions (escrow instructions) for both buyer/seller to sign. 

 

Escrow is an essential part of the buying/selling process and helps buyer and seller, escrow oversees & safeguards both parties in the transaction; they make sure the seller gets paid, and the buyer gets clear title to the property. Escrow handles a multifaceted complex task of ensuring both parties get what they agreed upon, and they truly make it possible for the buyer’s agent to deliver the keys to the buyer.

 

Long Beach Real EstateIn football terms, the escrow is the quarterback. When it comes to transferring ownership of title to real property, escrow becomes the quarterback for both, the buyer side and seller side. As a quarterback escrow makes sure both side balance out per escrow instructions, they make sure per agreement both sides keep their promises to each other.    

 

Once escrow opens, escrow oversees the agreement, but they also “heavily” depend on the agent/agents in the deal whenever compliance is needed. Your local Realtor is the best at getting sellers and buyers into a contract and into escrow, it is what they do day-in and day-out!

 

 

Trust is a source of pride and a true honor, trust is power...

 

  

 

Your Local Real Estate Connection 

 

 

JON KOLSKY 

 
  
 
 
5320 E 2nd St #8, Long Beach, CA 90803 

License: 01311273   Phone: 562-225-2296 | Fax: 562-439-0511 

Email: jmkinfo66@gmail.com 

 

Just ask me & get a professional home value estimate - FREE and with no obligation of course.  

Here’s a look at Long Beach California.   

  

 

 

 

Long Beach Homes for Sale between $0 - $100,000

 

Long Beach Homes for Sale between $100,000 - $200,000

 

Long Beach Homes for Sale between $200,000 - $300,000

 

Long Beach Homes for Sale between $300,000 - $400,000

 

Long Beach Homes for Sale between $400,000 - $500,000

 

Long Beach Homes for Sale between $500,000 - $10,000,000

 

 

 
 
 
Home Searching in Long Beach: Made it Easy Finding a Home in Long Beach: Long Beach Homes For Sale  Long Beach Condos For Sale Long Beach Short Sales Long Beach Foreclosures
 
 
 
 
 
 
 
 
© 2014 KGP Real Estate. All rights reserved
close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Buying
Groups:
Active Rain Newbies
Agents who want REFERRALS!
Posts to Localism
CALIFORNIA DREAMING
Tags:
escrow
san francisco closing costs
san francisco buyers

Spam prevention
Show All Comments
Rainmaker
1,302,126
Jon Kolsky
Kolsky Realty & Management - Long Beach, CA
Licensed California Real Estate Broker

Melanie~ well I am glad you like it, and I love the re-blast, thank you I guess "sometimes" getting a comment is like pulling teeth....

Feb 14, 2014 01:44 AM #1
Rainer
66,892
Melanie Narducci
Hillscape Properties, Inc. - San Francisco, CA
Your San FranciscoBay Area Real Estate Expert

I'm always on the look out for good re-blogs!  Thanks, Jon!

Feb 14, 2014 02:34 AM #2
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainer
66,892

Melanie Narducci

Your San FranciscoBay Area Real Estate Expert
Ask me a question
*
*
*
*