In the home-buying process in California, escrow is a neutral third-party service that acts as an intermediary to ensure the smooth and secure transfer of property ownership. Once a buyer and seller agree to a purchase contract, the escrow company holds important funds, such as the buyer's deposit, and manages key documents to protect both parties' interests. Escrow ensures that all conditions of the sale are met, such as completing inspections, securing financing, and verifying the title's status, before releasing funds to the seller and transferring the deed to the buyer. This process safeguards the transaction by making sure no party receives funds or property until all terms are fulfilled.
Get assistance in determining current property value, crafting a competitive offer, writing and negotiating a contract, and much more. Contact me today.