Buying a home is a very exciting process, yet it also can be very stressful. You want to make sure you are doing everything right to make sure you get to the closing table. As you embark on this new chapter of your life, there are some things you’ll need to know that can help you make better sense of the closing process. One thing you’ll need to know about at your closing is how an escrow account works. For most homeowners, especially first time owners, closings can present a confusing and often frustrating experience when you don’t have a handle on the real estate lingo and what exactly goes on at that closing table. As every homeowner can attest to, you’re going to be signing a volume of documents which can be very intimidating. You’ll want to understand what you’re signing so that you don’t wonder about it later on when you go home. One of the elements to closing a real estate deal is to open escrow accounts that your mortgage lender typically sets up but can also be held by your title company. At Expert Title Company, we offer expert escrow services in Boca Raton.
What escrow services does Expert Title Company offer?
1. At the beginning of a sale, you will put down earnest money to show your “good faith” and intention to purchase the property when your mortgage comes through. This money is usually placed in an escrow account and held by your lender or a title service.
2. Many lenders insist that you pay your property taxes and homeowners insurance with an escrow account to ensure that your bills will get paid. Even if your lender does not require one, you might want to consider using it because come property tax time you don’t want to be hit with a hefty bill that you haven’t saved up for.
Essentially this type of escrow account makes you save for money you’ll need to have on hand every year. At Expert Title Company, we can handle all aspects of your real estate transaction and provide escrow services at your closing not only in Boca Raton but also throughout Broward, Miami-Dade, and Palm Beach Counties.
How can a title company help facilitate an escrow account?
Working with one of the best title companies in Boca Raton can help ensure your real estate closing goes as smoothly as possible. Real estate closings can be complicated. When you work with Expert Title Company in Boca Raton, you’ll enjoy all of our comprehensive services to assist with every aspect of your real estate closing. Did you know that a knowledgeable attorney can help ensure that your closing goes smoothly? He can help sort out many of the problems that homebuyers face when an attorney is not present at the closing. An attorney from our team at Expert Title Company can also help with your documentation preparation, making it easy for you to provide all of the necessary paperwork.
Our team at Expert Title Company also offers a full range of real estate closing services. If you want to get to the closing table sooner than later, it’s imperative to have a superior title company to work with. It’s easy to get started, just call us at (954) 570-5959 today and you’ll be on your way to a stress-free closing in no time! Expert Title Company is a licensed and trusted title insurance company offering our services throughout the South Florida area. We provide a wealth of expertise and knowledge in a wide variety of real estate transactions, including escrow services, and our affiliated law office can provide other legal services. Our experienced staff is here for you, and we are pleased to offer a fast turn- around time on all communications. We are open for business and taking all necessary COVD-19 precautions.