Planning on Buying a Commercial Building in 2019? Call us!
What are your goals for 2019? Perhaps you have the typical goals to exercise more and eat better, or maybe you’d like to travel more. Or perhaps you have loftier goals that involve professional development. Maybe you’re planning on buying your first commercial property this year. Or maybe your 100th commercial property! Whatever the case may be, Neighborhood Escrow is here to provide impeccable escrow services for all kinds of people buying commercial properties in 2019, and we would relish the opportunity to serve you. We have the expertise, experience, and dedication to meet your escrow needs in 2019 and beyond. Learn more about our services below and give us a call at 310-378-2456 to get started today.
Time is money
As the traditional refrain insists, “Time is money.” It’s especially true when purchasing commercial property. You can’t afford to wait around for a disorganized escrow company to make sure all the terms are met before closing. Delaying the closing of a commercial property could result in the loss of many thousands of dollars. You definitely don’t have time for that! Thankfully, when you choose Neighborhood Escrow for all your escrow needs, you won’t have to stress about wasted time. Our escrow agents diligently and efficiently make sure every detail indicated on the Purchase Agreement and Joint Escrow Instructions has been taken care of properly and in a timely manner so closing can occur as soon as possible.
Why do I need an escrow agent when buying a commercial property?
Just like when you purchase a residential property, having an escrow agent will give you tremendous peace of mind that no money or property will change hands until all necessary tasks have been completed. All purchasing conditions will be addressed and all conditions will be met before closing on your commercial property occurs when you work with an escrow specialist at Neighborhood Escrow.
Who chooses an escrow agent for a commercial real estate transaction?
Many people mistakenly believe that they must use the escrow company recommended by their commercial real estate agent, but that’s not actually the case. The buyer, seller, and lender will agree on the escrow agent to use together. Escrow companies operate independently of real estate companies – in fact, to avoid any appearance of partiality, escrow agents don’t receive referral fees from brokers. So you can use whichever escrow company you feel most comfortable and confident with. Neighborhood Escrow is always a wise choice.
A word about escrow fees
Unlike some other escrow companies, we strive to be totally transparent when it comes to all our escrow dealings. That includes publishing clearly-written explanations of our fee schedule. In most commercial real estate transactions, the buyer and seller split the escrow company’s fees 50/50, so it’s important to be aware of these fees while selecting the ideal escrow company to meet your needs. You can review our full list of fees here so you can make a well-informed decision.
Contact us today by calling 310-378-2456. We look forward to meeting your commercial escrow needs in 2019 and beyond!
