Getting to the closing table is one of the most exciting aspects of buying a home. So, you’ll want to understand exactly what to expect at the closing table. One of the numerous elements to a real estate closing in Deerfield Beach is to open escrow accounts, which your mortgage lender typically set up but can also be held by your title company. One of the many things 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 terminology and what exactly is going on at that closing table. As every homeowner can attest to, you’re going to be signing a volume of documents that can be overwhelming, not to mention intimidating.

Here’s what you need to know:

Essentially an 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 throughout Broward, Miami-Dade, and Palm Beach Counties.

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.

•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 large bill that you haven’t saved up for.

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.

Ready to get started?

 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, 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, contract negotiation, and legal services. Our experienced staff is here for you 24/7, and we are pleased to offer a fast turn- around time on all communications. Our experienced processors will make your transaction flow seamlessly from beginning to end.  Call us today at (954) 570-5959. Our experienced staff is here for you 24/7, and we are pleased to offer a 24-hour turnaround time on all communications.