The purchase or sale of a home is the largest transaction many of us carry out in a lifetime and is often the most important. When you are buying or selling Scottsdale real estate, it is imperative to have a neutral third party
through which all money and documents will be transferred and who will act as a “stake holder” until all conditions of the sale are met. This neutral party is an escrow officer. Typically, the escrow officer will be employed by a title company and have extensive experience handling the documents and large sums of money involved in real estate transactions.
When an escrow is opened, the escrow officer will receive the original purchase contract and additional written instructions agreed upon by the involved parties. From there, all contingencies and other items required by the buyer or seller, such as pest inspection, title insurance or the buyer’s deposit, must be carried out before the escrow can be closed. Only then will the escrow officer release all funds and property to their new respective owners.
Escrow is a crucial part of the home buying process, since both buyers and sellers of property want to ensure that their interests are protected during such a large transaction. However, an escrow officer is only responsible for following the instructions arranged during negotiations. It is equally important to have a real estate agent whom you can trust to represent your interests. As a former real estate attorney, I have ample experience with negotiations and contracts. I can put my unique qualifications to work for you.
If you are thinking about purchasing Scottsdale Arizona real estate, give me a call at (602) 791-0536.
Carmen Brodeur
Realtor | Attorney
The Brodeur Luxury Group | Trillium Properties
8755 E Bell Road, Suite 108 | Scottsdale, AZ 85260
Cell (602) 791-0536
Direct (800) 300-0263
Carmen@TopScottsdaleHomes.com
www.TopScottsdaleHomes.com
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