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 With recent increases in real estate fraud it is more important than ever that real estate professionals offer their buyers security and peace of mind, especially when the second home buyer is unfamiliar with the process, jurisdiction and agent.
Buyers want a trustworthy reputation and a guarantee that the conditions under which their funds will be transferred will be safe and secure, Escrow Services provide this security and give you the purchaser confidence.
An independent Escrow Agent will act as an impartial third party by holding the purchaser’s deposit to the real estate agent in an escrow account providing security to the buyer until the transaction closes. The funds will then be released to the real estate agent in accordance with the terms of the agreement which is tailored towards the purchasers requirements.
This gives the buyer and seller additional comfort knowing that a non-partisan party who maintains both local and global presence is monitoring the deposit and disbursements.
Benefits to purchasers are as follows:
Financial security and assurance on investment since funds will be held by a third party and will not be released until all the terms of the agreement have been met.
A single point of contact for all account issues.
No fear of losing money or legal battle with the realtor as a result.
Clearly written disbursement instructions signed and agreement upon by all parties. |
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