goHOME ourLISTINGS OPEN House AREAstats SEARCH getCONNECTED
707-303-6358 707-303-6358 Guerneville, California, Guerneville, how to choose a real estate agent, getting a real estate agent, picking a real estate agent, real estate professional, homeowner, home buyer, home sales, buying a house, buying a house in Guerneville, buying a house in Guerneville, buying a house in California, real estate agent in Guerneville, real estate agent in Guerneville, real estate agent in California, finding a real estate agent in Guerneville, finding a real estate agent in Guerneville, finding a real estate agent in California, buying houses, buying homes, selling homes, selling houses, Your City Country Connection, things to look for when buying a home, how to buy a house, house hunting, home buying tip, home buying help, find a home to buy, home buying questions, home buying advice, home buying, home buying checklist, escrow, being in escrow, escrow agent, escrow fees, closing on a house, escrow companies
  • Tax statements
  • Fire and other insurance policies
  • Title insurance policies
  • Terms of sale and any seller-assisted financing
  • Requests for payment for various services to be paid out of escrow funds
  • Purchasing a home for the first time can be confusing. Let me help you. E-mail me at Connect@mycitycountry.com .

    Steps to Closing on a House

     Your City Country Connection can walk you through closing - 707-303-6358
    Escrow: To finish the sale of a home, a neutral, third party (the escrow holder) is brought into the picture to assure the transaction will close appropriately and on time. When funds are held by a third party in a transaction between a buyer and a seller, it's in escrow. For example, in a Web purchase, PayPal is the neutral third party that obtains the buyer's payment, and then hands over the money to the seller.

    Clearing the final hurdles like obtaining funds, finishing forms, getting the documents for loans and liens, and assuring you get a clean title to the home prior to your purchase gets finalized are all parts of closing in which an escrow company is useful.

    The certificates the escrow agent may obtain include:

    You're ready to close when every step is finished in escrow process. All expenses like title insurance, inspections and real estate commissions are paid. You'll then obtain the title to the house and the title insurance gets dispersed as stated in the escrow instructions.

    The escrow company receives a payment at the completion of closing. I'll keep you up-to-date on the next steps.

    The Escrow Holder Will:

    • Prepare escrow instructions
    • Perform a title research
    • Comply with the bank's guidelines as specified in the escrow agreement
    • Accept payments from the buyer
    • Prorate insurance, tax, interest and other payments according to guidelines
    • Record deeds and other paperwork as instructed
    • Request title insurance policy
    • Close escrow when all terms of agreement of seller and buyer are complete
    • Disburse monies and finish instructions

    The Escrow Holder Will Not:

    • Tell you what's best - the escrow agent stays a neutral, third-party status
    • Give insight about tax implications
    The Escrow Holder Will:
    The Escrow Holder Won't:
    • Write escrow instructions
    • Request title search
    • Comply with the bank's requirements as noted in the escrow agreement
    • Intake payments from the buyer
    • Prorate insurance, tax, interest and other payments according to guidelines
    • Record deeds and other documents as instructed
    • Request title insurance policy
    • Close escrow when all terms of agreement of seller and buyer have been met
    • Disburse payments and finalize instructions
    • Advise you - the escrow agent has to remain an impartial, third-party status
    • Give insight about tax implications

    Mortgage Escrow Account

    A Mortgage Escrow Account is established to pay recurring fees while there is a loan on the house. Usually, the home buyer makes a payment at closing and also makes regular deposits through their monthly mortgage payment to fund the Escrow Account.

    Now you know more about being in escrow. And, you can be a smarter home buyer and future homeowner.