Escrow, Inspections & Appraisal
is the phase in which we learn more details about your most favored property
Escrow: Escrow begins when your earnest money deposit
and purchase offer is accepted by the seller. Escrow ends when you become the official new
owner, registered in the county records.
Title Company and Escrow Holder: In our area, the seller typically selects the title company and escrow holder (often the same company) because they are typically paying for the service costs. The job of this entity is to act as a neutral third party which holds all instruments necessary to the sale, including funds
Holding Title: There are at least half a dozen ways to own property, each with its own legal, estate, and tax implications, particularly with respect to selling or transferring, or disposition upon death. It is advisable to consult with an attorney or your tax advisor to be sure you select the best way to "hold title" in your particular situation.
Inspections: When your offer is accepted by the seller, Signature Properties will recommend professional inspectors to evaluate your home's major systems. We will even set the appointments for you. Signature Properties would suggest that you plan on attending all of your inspections. You should feel free to ask any question.
Appraisal & Loan Process: In this phase, you should keep in close communication with your lender. It is important that you can address any requirement of your lender for additional documentation that may be needed to approve your loan application or fund your loan.
can know see how Signature Properties adds tremendous value to your home
purchase experience in many ways.