Buying or selling a home, here are ten steps to make sure things run smoothly in your escrow:
Select a qualified licensed Realtor to represent you.
Choose an Independent Escrow Provider – Like EscrowNet! Remember only independ...
Opening Process
Provide a copy of the purchase contract and all counters/addendums.
Escrow verifies with each agent or party prior to issuing Escrow Instructions.
The Selling Agent should deposit the good faith deposit into Escro...
What is an Escrow?
When opening an escrow, the buyer and seller of a piece of property establish terms and conditions for the transfer of ownership of that property. These terms and conditions are given to a neutral third-party known as th...
The Seller generally pays for:
Real Estate Commission
Notary fees
Title Insurance Premium
Escrow Fee (seller’s portion)
Document preparation fee for Deed
Documentary transfer tax ($ 1.10 per $1000.00 of sales price)
...
Typical Buyer & Seller Fees for Southern California.
Please be aware some fees may be negotiable between the parties.
Item
Conventional Sale
FHA Sale
VA Sale
Real Estate Commission
Seller
Seller
Seller
C....
How to Hold Title: Title to real property may be held by a single individual or entity, known as Sole Ownership, or by two or more individuals and/or entities known as Co-Ownership. Examples of common ways to hold title are listed below. (Own...