What is escrow and who get’s to choose

    Some states do not have the need for escrow.  They have other processes in place to facilitate the Real Estate transaction.

    However, in California, Escrow within Real Estate is alive and well.Finding real estate questions answered in Santa Clarita

    Escrow is a neutral third party within a Real Estate transaction.

    It is very important to have your real estate professional choose an Escrow Company and Escrow officer that “Packs the gear” to facilitate your closing.  This applies to whether you are on the Seller’s side or on the Buyers’ side.

    “An escrow officer is the person that walks you through the closing process.  They are usually employed by the title company that you are working with(not the case in CA). They are a neutral third-party, responsible for overseeing the escrow process. They typically perform the title searches, prepare final paperwork, witness the document signings as well as ensure that the transaction is executed properly and legally.”

    The choice of escrow is about a 50/50 draw.  Most commonly, in real estate within the Santa Clarita Valley, the seller chooses who the Escrow Company will be.  The real estate professional is usually the guide into the “who to choose” process.  However, we have seen, depending on the type of real estate market it is, the Buyer having more control over who is selected for Escrow.  Both the Buyer and Seller each pay their own part of escrow, typically.

    Read more about Escrow and what the Typical Real estate fee’s are and how they are structured.

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    Paris and Connor MacIvor

    Connor and Paris MacIvor are in the Top 1% of Realtors Nationwide, starting their real estate business in 1998 with RE/MAX Gateway - Santa Clarita Valley and Valencia CA. Their becoming licensed real estate consultants and representatives came from the horrible experience they had when they bought their first home. There were many things that the agent they had hired did not explain and disclose, which per law he should have. Getting that agent on the phone after they closed escrow and after he had gotten paid was impossible. Paris and Connor called the broker, the board of realtors, the office manager and all they received was the promise of a phone call back. The remedy did come, but not as fast and in the way they wanted. That act - that bad agent was the reason why Paris and Connor became Realtors. That was all they needed to vow to never let the same fate befall anyone else, that befell them. Today Connor and Paris are focused on client service. Protection and top-shelf service with regard to their real estate clientele. They primarily work within the Santa Clarita Valley and Valencia CA. However, for a referral, where 80+ of their business is referrals they have License and Will Travel to other parts of Ventura County, Los Angeles County, and Orange County to handle real estate transactions for those who trust their real estate operation. Writing on their Real Estate Blog is a passion. SCVnest.com/blog is where you will find over 10,000 real estate articles. Go to SCVnest.com/radio to listen to their latest real estate radio broadcast.

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