a new home is one of the most exciting and stressful moments of anyone’s life.
Choosing a home is a massive commitment that can frame your life for the next
30 years or more. Finding a home that meets your current needs and allows for
growth in the coming years can be a time-consuming process, but it’s important
not to rush. Real estate closings in Boca Raton can be tricky to navigate.
Because homebuying is a major legal and financial transaction, protecting
yourself and your interests is important. Here’s how escrow services in Boca
Raton can help do just that.
function of an escrow service is to provide security for both parties involved.
Escrow services through Expert Title Company protects your investment by
placing your money in a secured account, only to be released when all agreed
upon terms are met. For real estate closings, this can include making necessary
repairs, addressing property liens, and transferring deeds and titles. This
prevents fraudulent transactions by assuring your satisfaction before any money
services in Boca Raton are beneficial for the selling party, too. Not only do
they guarantee the agreed upon amount, escrow accounts mean that money cannot
be withdrawn unless the contract is completed or voided. Unlike financial
transfers from a traditional bank account where money can still be used, this
approach to real estate closing is separate.
the Closing Process
services in Boca Raton through Expert Title Company, you can expediate the real
estate closing process to get into your new home and on with your life sooner.
Because escrow accounts provide a financial guarantee, the real estate closing
process runs much more smoothly.
estate closing process begins as soon as your offer is accepted. The final
closing date is typically scheduled for several weeks after an accepted offer,
allowing for plenty of time to iron out the final details. During this phase,
the seller must meet the terms of your contract, prepping the home for
Contractual Obligations are Met
home is a major legal and financial transaction. Once the paperwork is complete
and ownership has been transferred, you are entirely responsible for your
property. That includes prior damages and future damage caused by the previous
owner’s neglect. This is why it’s so important to get a home inspection prior
to completing the sale. Otherwise, you may find yourself in a stressful
financial situation, responsible for repairing damage you didn’t cause.
escrow services in Boca Raton keeps the power in your hands. With the financial
leverage on your side, you can more easily negotiate the terms of your
contract, including repairs. Expert Title Company is knowledgeable and
experienced in all levels of real estate law. We are here to help ensure your
new homeownership begins on the best foot possible. Our team of financial
experts can help walk you through the process of setting up your escrow account
today. Contact us now to secure your money and your future!