Closing of Escrow Process for Beginners

Curious about the Closing of Escrow Process? Pacific Coast Commercial Website More Pacific Coast Commercial Listings Many beginners or even sellers and buyers in all real estate industries are wildly confused about the process of the closing of escrow. The process is often confusing for many who are not experienced, however, it is also very quite important. We would like to provide you with a brief explanation to keep you informed and in the loop.  The final days before the closing of escrow are by far the busiest for the escrow officer and all other parties. At  this point, all property disclosures have been delivered, any contingencies to the sale should have been satisfied, and the escrow officer has gathered most of the documents required to meet all closing requirements. Buyer and Seller may be making moving plans and the anticipation is mounting. The announcement that the Buyer’s new loan has been approved is usually the “trigger” that puts the last steps into motion. Here is a brief description of the activities your escrow officer performs to prepare for "The Big Day": Order loan documents for the Buyer Complete a full audit of the escrow file to make certain that all requirements are met Prepare estimated closing statements for review by Seller and Buyer Arrange for the loan documents to be signed Forward all documents which must be recorded to the title insurance company Order the Buyer’s insurance policy Return signed loan documents to the lender Complete final lender requirements Receive final deposit of funds from the Buyer Request loan funds from the lender Advise the title company that it can proceed with recording It is not uncommon for the escrow officer, lender, or title company to encounter one or two last-minute details which must be handled prior to closing. The Seller and Buyer can be of great help by making themselves available during this final week for clearing up these details and for signing any documents which might be needed. With moving plans underway and busy schedules, this isn’t always easy. Your escrow officer and real estate agent recognize this and will be working hard to minimize any inconvenience. Keeping communication lines open will help ensure a smooth closing. General questions about the closing process are best directed to your escrow officer. If a Buyer has a question about his financing, he should contact his lender. Any issues relating to the property itself, including move-in dates or condition of the home, can be handled by your agent. A team of experienced real estate professionals and a cooperative Seller and Buyer are a winning combination as the transaction moves to its conclusion.  As a respected team of professionals equipped to handle any size transaction using sophisticated negotiation strategies, in-depth research and analysis, Pacific Coast Commercial will ensure the process of sales and leasing will be as simple and pleasant as understand the process of closing of escrow for beginners.  DISCLAIMER: This blog/article has been curated from an alternate source and is designed for informational purposes to highlight the commercial real estate market. It solely represents the opinion of the specific blogger/author and does not necessarily represent the opinion of Pacific Coast Commercial.  All content provided on this blog is for informational purposes only. The owner of this blog makes no representations as to the accuracy or completeness of any information on this site or found by following any link on this site.  The owner of will not be liable for any errors or omissions in this information nor for the availability of this information. The owner will not be liable for any losses, injuries, or damages from the display or use of this information. www.PacificCoastCommercial.com Keywords: San Diego Commercial Real Estate For Sale, Commercial Property In San Diego, Commercial Real Estate In San Diego, San Diego Investment Real Estate, Commercial Property Management In San Diego, San Diego Commercial Property Management, Commercial Property Management San Diego, Managed Commercial Property San Diego, Commercial Property For Sale San Diego, San Diego Commercial Real Estate Leasing, Top Real Estate Agents in San Diego, Commercial Property in San Diego, Property Management Company San Diego, Real Estate Agent in San Diego