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Understanding the Escrow Process When Buying or Selling a Home in Inland Empire - Home Smart Evergreen Realty

Understanding the Escrow Process When Buying or Selling a Home in Inland Empire

If you’re buying or selling a home in the Inland Empire, you’ll need to go through the escrow process. This process can be confusing, especially for first-time buyers or sellers. Here’s a breakdown of the escrow process and what you can expect:

  1. Opening escrow: Once you’ve found a buyer or seller and agreed on the terms, the escrow process begins. The escrow company will be responsible for holding onto the funds until all the conditions are met.
  2. Title search: The title company will conduct a search to make sure there are no liens or other issues with the property.
  3. Contingency period: This is a period where the buyer can back out of the deal if certain conditions are not met, such as financing or inspection.
  4. Closing: Once all the conditions are met, the escrow company will distribute the funds and transfer ownership of the property.

It’s important to work with a real estate agent who can guide you through the escrow process and make sure everything is done correctly. With the help of a professional, you can navigate the escrow process with ease and ensure a smooth transaction.

 

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