CLOSING THE DEAL

▪ What is Escrow?
Escrow is the process that buyers and sellers of homes use to complete the monetary and legal details of a sale. A neutral third party manages the escrow, called an “Escrow Officer,” who generally works for a title company... Read more



▪ Managing the Details

Once you have negotiated a contract and agreed on a sales price, the next phase of our job begins. Below is a list of some of the details I will be managing through this process.

  • I will constantly check with the title company to assess when they need additional information and whether there will be any problems that could affect obtaining title. 
  • I ensure that both you and your Buyer receive copies of all documents pertaining to the transaction. I will have the Buyer sign to acknowledge that he/she has received his/her copies... Read more



▪ Seller Disclosures 101

During the escrow process, you must inform the buyer of specialized conditions that affect your home. These may include the following conditions:

Lead Paint
Sellers of properties built prior to 1978 have the following obligations:

  • Provide buyers with a HUD pamphlet entitled “Protect Your Family From Lead in Your Home”
  • Disclose all known lead-based paint and related hazards and provide any available reports... Read more



▪ Who Pays for What?
A major question in every escrow is: “Who pays for what?” The answers vary by county ordinances and standard practices. What is listed below are “customary” practices.  All fees charged are governed by terms of the sales contract and other written escrow instructions. Note: on some FHA, VA or other government-backed loans, the buyer will pay some fees that governmental regulations will not allow you to pay... Read more