How to Choose an Escrow Company
Whether you’re about to embark on your first real estate transaction or your hundredth, it’s so important to find the right escrow company. You may feel rather lost about how to choose an escrow company – but don’t worry – it’s not that hard as long as you consider some essential variables.
Do your research
When picking an escrow company, don’t go with “just anyone.” Pick one that’s well established and comes highly recommended. Most people don’t even go to a new restaurant without checking out the reviews, and the stakes are much higher when it comes to real estate transactions. A little research will go a long way to giving you peace of mind about choosing an escrow company that you’ll be able to rely on.
You should be able to really trust your escrow company because they’re going to be handling lots of important documents and funds during your real estate transaction. It needs to have detail-oriented staff who will always treat you as a high priority.
Considering communication styles
Does the company’s communication style match your own? Most people value responsiveness and promptness when it comes to communicating with clients. Look for an escrow company that presents information in a clear, concise, straightforward way and you’ll be able to look forward to comprehensive, efficient escrow services.
Location, location, location
Real estate agents often stress the importance of location when purchasing any kind of property, but did you know that the location of your escrow agent is also really important? Choose an escrow company that serves the region in which you’d like to conduct your real estate transaction. That will ensure your escrow agent will be familiar and comfortable with all the real estate nuances that are unique to that particular area, which can be incredibly helpful.
Consider the money
The dollar is king, so make sure you ask about pricing when considering an escrow company. Any escrow company that is upfront about costs will be helpful before, during, and after your real estate transaction. Ask about the costs associated with the actual real estate transaction, escrow service fees, title insurance, and other fees.
source: Neighborhood Escrow
The ideal escrow company: Parkfield Escrow
Parkfield Escrow is a licensed independent escrow company, meeting all regulatory and licensing requirements. Our state regulator is the Department of Corporations. Independent escrow companies are required to be insured for theft or embezzlement; licensed by the State of California; CPA audited annually; subject to surprise regulatory requirements; adhere to strict manager hiring rules, and undergo employee background investigations by the Department of Justice. To choose an escrow company in Inland Empire that you can trust, call the experienced and attentive team of Parkfield Escrow at (310) 696-0192 or contact them here.
