Navigating the course of purchasing a new home can appear daunting.
For instance - what is Escrow? Most buyers know about the beginning process of purchasing a home: pre-approval, working with a buyer's agent, making an offer and doing inspections but what is escrow?
Buyers and sellers of a property establish, through the sales contract, the terms and conditions for the transfer of ownership. The escrow holder is the neutral, third party that oversees that these terms are fulfilled.
So often buyers hear that their agent will "open escrow." It means that an account will be opened with the escrow company. In Marin County, the buyer's agent usually starts the process by providing such information as the names of all parties, subject…