
The Escrow Process For Buyers
Congratulations on getting your offer accepted. That's a huge milestone but understand there's a lot that needs to be done before we can cross the finish line. This series of videos is going to briefly walk you through the escrow period from my side to give you an idea of what it looks like
Firstly: We discuss what escrow is and what their job is through the escrow term
Secondly: When does the contract get renegotiated?
Thirdly: What are contingencies and what happens when I release them?
Fourthly: We give you a brief overview of what to expect when working with your lender
Fifthly: We go over the final walk through and it's importance
If you have any questions about these steps you can reach out to me directly at jeb@jebsmith.net or 714.376.2711.
The Escrow Process When Buying A House
Now that your offer has been accepted and your escrow deposit has been made to bind the contract, what are the next steps? What is escrow's job during the escrow period?
Renegoiating The Purchase Agreement
Occassionally throughout the process of buying a home, you will have amendments and addendums to the contract. What are these amendments? When would the seller renegoiate the terms of the contract?
Contingencies 101 - The Process Of Releasing Contingencies
In my opinion, this is the most important part of the escrow period as it comes with consequences when it's not done correctly. In this video, I discuss all of the different contingencies and help you understand when you release them and what happens at that time.
Your Loan Is Approved, Now What?
There is a misbelief that once your loan is pre-approved then the deal is done but that's just the start of the process. In this video, we discuss why your lender might need additional paperwork and what happens once your loan is fully approved.
The Final Walk-Through
The final walk-through is pretty close to the last thing if not the last thing that happens during the escrow period. What's the point of it? What happens during this walk through?
Preferred Vendor List
Here is a list of my preferred Vendors. Most of them I have used personally but not all. Anyone on this list is either a personal referral or someone that was referred to me by someone I trust.