Old West Realty Inc. is a Full Service Real Estate Brokerage, Serving the Contra Costa & Alameda Counties, California, Since 1975! List your Home and Save with Old West Realty Inc.!
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An escrow is an arrangement in which a disinterested third party, called an escrow holder, holds legal documents and funds on behalf of a buyer and seller, and distributes them according to the buyer’s and seller’s instructions.
People buying and selling real estate often open an escrow for their protection and convenience. The buyer can instruct the escrow holder to disburse the purchase price only upon the satisfaction of certain prerequisites and conditions. The seller can instruct the escrow holder to retain possession of the deed to the buyer until the seller’s requirements, including receipt of the purchase price, are met. Both rely on the escrow holder to carry out faithfully their mutually consistent instructions relating to the transaction and to advise them if any of their instructions are not mutually consistent or cannot be carried out.
An escrow is convenient for the buyer and seller because both can move forward separately but simultaneously in providing inspections, reports, loan commitments and funds, deeds and many other items, using the escrow holder as the central depositing point. If the instructions from all parties to an escrow are clearly drafted, fully detailed and mutually consistent, the escrow holder can take many actions on their behalf without further consultation. This saves time and facilitates the closing of the transaction.
The escrow process was developed to help facilitate the sale or purchase of your home. The escrow holder accomplishes this by:
Acting as the impartial “stake-holder,” or depository of documents and funds
Processing and coordinating the flow of documents and funds
Keeping all parties informed of progress on the escrow
Responding to the lender’s requirements
Securing a title insurance policy
Obtaining approvals of reports and documents from the parties as required
Prorating and adjusting insurance, taxes, rents, etc.
Recording the deed and loan documents
Maintaining security and accountability of monies owed and owing.
Click the Link below to see what Title Insurance has to do with Escrow.
Old West Realty Inc. is a Full Service Real Estate Brokerage, Serving the Contra Costa & Alameda Counties, California, Since 1975! List your Home and Save with Old West Realty Inc.!
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BE Curious when purchasing California REO Properties? Before you do anything else, take some time to learn about the benefits and challenges of buying California REO Properties compared to traditional home purchases.
Once you have an understanding of the differences in buying REO Properties, this is a great place to begin your search. Be sure to browse and research as many listings as possible and consider working with an Experienced Realtor who can guide you through the process that may come with buying California REO Properties.
An Experienced Realtor who knows the Local Market Well can help you determine if the price is a good value. Your Realtor and your mortgage loan officer can also help you understand the loan solutions available when purchasing REO Properties.
Old West Realty Inc. is a Full Service Real Estate Brokerage, Serving the Contra Costa & Alameda Counties, California, Since 1975! List your Home and Save with Old West Realty Inc.!
If you enjoyed this Post Please Like & Share for more content Like This!
Old West Realty Inc. is a Full Service Real Estate Brokerage, serving the Contra Costa County California, Since 1975! List your Home and Save with Old West Realty Inc.!
If you enjoyed this Post Please Like & Share page if you want more content Like This!
Address List Price DOM $SqFt Br Fb Pb SqFt Pending Date
Sunhaven Rd $1,295,000 0 $353 4 3 1 3669 02/01/13
Sold Properties
Address List Price Sold Price SqFt DOM $SqFt Br Fb Sold Date
Brooktree Dr $1,195,000 $1,250,000 0 61 $0.0 4 3 01/16/2013
Hunter Ter $1,895,000 $1,780,000 4800 71 $371 5 4 01/15/2013
* DOM – Days on Market, – Br – Bedrooms, – Fb – Full Baths, – Pb – Partial Baths
Your Area Specialist
Click here to check out the danville Today! Spotlight on Heritage Resource: Hap Magee Ranch Park.
Old West Realty Inc. is a Full Service Real Estate Brokerage, serving the Contra Costa County California, Since 1975! List your Home and Save with Old West Realty Inc.!
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Sales of new single-family homes rose 28.9 percent on an annual basis in January 2013 to a seasonally adjusted annual rate of 437,000, the U.S. Census Bureau reported today.
That represents a 15.6 percent increase from December, and was the fastest pace of new-home sales for a January since 2008.
It was, however, the ninth weakest January in records going back to 1973. Nearly three times as many new homes sold in January 2005.
The median sales price of new homes sold in January 2013 was $226,400, up 2.1 percent from a year ago, but down 9.4 percent from December 2012.
The Census Bureau estimated that 150,000 new homes were on the market at the end of December, representing a 4.1-month supply. Less than six months’ supply is considered Normal.
Old West Realty Inc. is a Full Service Real Estate Brokerage, serving the Contra Costa County California, Since 1975! List your Home and Save with Old West Realty Inc.! The Realtor’s Code of Ethics are the Standards by which Old West Realty Inc. was Founded on!
A smart investor recognizes that the Real Estate Recovery is a forward-looking beast. He also knows that the market regularly scales “walls of worry,” and that prices rise before everyone realizes a Real Estate Recovery is imminent.
The average investor? Well, he sits on the sidelines and, in turn, misses out on significant profits.
Don’t believe me? Look no further than the Real Estate Recovery Sector from Case-Shiller Home Price Indices.
Be Greedy When Others Are Fearful
Click here to see Case-Shiller Home Price Indices at S&P Dow Jones:
Of course, homebuilding stocks were already telegraphing a recovery. But nobody wanted to believe it because home prices were still falling across the country. They let the “wall of worry” blind them from the Real Estate Recovery Opportunity.
Prices are going to be the last thing to bottom out. Well, they just officially did.
The latest reading of the Case-Shiller House Price Index went positive on a year-over-year basis for the first time in 21 months.
Now that people can finally see the real estate recovery, they’re starting to believe it, too. It’s not just investors, either. It’s the mainstream press.
Old West Realty Inc. is a Full Service Real Estate Brokerage, serving the Contra Costa County California, Since 1975! List your Home and Save with Old West Realty Inc.! The Realtor’s Code of Ethics are the Standards by which Old West Realty Inc. was Founded on!
