An escrow account is convenient for buyers and sellers because it helps both parties move forward separately and simultaneously. Using an escrow holder as a central depositing point makes agreeing on various areas easier. Some of the areas an escrow simplifies include:
• Inspections • Reports • Funds • Deeds • Loan Commitments
If the instructions from all parties to an escrow are clearly drafted, fully detailed, and mutually consistent, the escrow holder can take many actions on their behalf without further consultation. This option reduces the time and stress that usually accompany the closing of a residential or commercial real estate transaction.
Contact our escrow company in Leona Valley, California, for more details about why you should use escrow in your next real estate transaction.