Home escrow refers to the process of a third party that simplifies the transfer of property from one person to another to make sure that it is fair and equitable. Now why would you consider utilizing home escrow services when buying or selling a home? A real estate transaction can be a very lengthy and complicated process. There is a lot of documentation that needs to be covered along with a difficult closing process. The home escrow company acts can organize the documentation for you and aid you through the procedure, thus greatly simplify the process.
Along with simplification, the home escrow company also acts as security. Real estate transactions typically deal with large sums of money and there is no guarantee against theft from the buyer or seller. The home escrow company acts as a neutral third party, where the funds are transferred and held by the escrow, and dispersed when the closing process is completed. For real estate transactions, utilizing home escrow services is a great idea.