Escrow Services in Redondo Beach CA
Are you in need of escrow services in Redondo Beach CA? We have you covered
There are plenty of people who don’t know the first thing about escrow services in Redondo Beach CA. They may know they need these services when buying or selling a property, but they often don’t know exactly what they entail or how to find the right company. If you are in that boat then this is the page for you. At Neighborhood Escrow we have been offering escrow services since 1985 and are here today to give you the details on what exactly that entails.
“What are escrow services in Redondo Beach 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.
Don’t discount the importance of escrow services in Redondo Beach CA
There are many reasons that you don’t want to miss out on escrow services in Redondo Beach CA. At Neighborhood Escrow, we offer you the peace of mind and security that your property or your funds are protected. We take great pains to ensure that the property and funds we’re entrusted with is handled exactly correctly and that we meet all conditions as agreed to by the involved parties.
More information on escrow services in Redondo Beach CA
All those involved in the real estate transaction in question must agree on the escrow instructions. Once that has been accomplished, the escrow officer gets those instructions. It is almost always true that the real estate agent is going to take care of these steps on behalf of the buyer / seller. However, you will have input. Once the escrow officer gets those instructions and the necessary documents, they can begin processing the escrow.
Escrow services in Redondo Beach CA can involve a wide range of services. For example, the escrow officer may pay outstanding bills or liens against the property, pay off mortgages, handle all funds, and record the necessary documents, including the grant deed. When escrow is complete, the escrow is closed, funds are delivered, and the documents are distributed accordingly.
Who pays for escrow services in Redondo Beach 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 Redondo Beach 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.