Escrow Services in Palos Verdes CA
You have access to personalized escrow services in Palo Verdes CA
If you are like many people in the state of California, you may not know the first thing about what they are or how to find escrow services in Palos Verdes CA. The good news is that you have an experienced company here to help you through the process. At Neighborhood Escrow, we have been proudly serving the South Bay area since 1985. With a commitment to excellence, providing the best possible service for our clients, and ensuring a customized service every time, we are the company you have been looking for.
“What are escrow services in Palos Verdes CA?” is one of the most common questions we get
If you’re wondering what, exactly, escrow services are then you are in good company. The simple way to explain it is that escrow is a place for money and property to be held while a real estate transaction is completed. All parties involved, such as the buyer, seller, lender, borrower, etc., will work together to create Joint Escrow Instructions and a Residential Purchase Agreement. The escrow agent then ensures that the requirements of these documents are met before the transaction is complete.
Yes, you do need escrow services in Palos Verdes CA
It’s not uncommon for a person to wonder if they even really need escrow services. The reality is that if you are involved in a real estate transaction in any form, as the buyer, seller, lender, borrower, etc., then escrow services in Palos Verdes CA are important. They protect your investment and your funds, they give you the peace of mind that everything is handled correctly, and they take many of the tasks and most of the pressure from you.
Learn more about escrow services in Palos Verdes CA
Everyone involved, the buyer, seller, lender, and borrower, first agree on escrow instructions. Once they have done that, those instructions are sent to the escrow officer. In most cases, your real estate agent will take care of this step with input from you. Once the escrow officer gets the instructions and documents, they process the escrow.
A number of different duties may be involved in escrow, including paying bills, handling requests from all parties, handling funds, and recording documents. Once the escrow company has completed all the steps, the escrow is closed, the funds are delivered, and the documents are handed over to the appropriate entities.
Who pays for escrow services in Palos Verdes CA?
Most of the activities that are included in escrow instructions will have fees. For example, there will be a document transfer tax, fees for recording het grant deed, fees for inspections, costs for title insurance, etc. These fees are paid by either the seller or the buyer depending on the what the involved parties decide. In most cases, the fees for an escrow company will be paid by the buyer and seller, who will split the fees 50 – 50.
If you are in need of experienced, customer-oriented escrow services in Palos Verdes CA then it is time to contact Neighborhood Escrow at 310-378-2456. We are here to answer your questions, help you through the process, and ensure your needs are met.
