Residential

 When buying a home in Southern California, understanding residential escrow is essential. Escrow serves as a neutral third party that ensures all aspects of the real estate transaction are completed correctly and securely.

Once you and the seller agree on the terms of the sale, an escrow account is established. This account holds all necessary funds and documents while ensuring that every condition of the sale is met. During this process, a title search is conducted to confirm that the property's title is clear of any issues. Additionally, inspections and appraisals are carried out to verify that the home is in good condition and appropriately valued.

Throughout the escrow period, all agreed-upon conditions from the purchase agreement, such as repairs or loan approvals, must be fulfilled. A final walkthrough is conducted to ensure the property is as expected. Once everything is in order, the closing process takes place, where all necessary documents are signed, funds are transferred, and the deed is recorded.

Residential escrow services provide a secure, transparent, and efficient framework for real estate transactions. 

By choosing a trusted escrow service like Peoples Discount Escrow, you can ensure a seamless and successful home-buying experience.