What I Do for Sellers: Monitoring the Escrow Documents
Prior to the transfer of property, I personally review all escrow documents; I have an escrow coordinator review them and I have my mortgage broker review them. This three-step escrow process often leads to transaction file that is four to five inches thick with disclosures, inspection reports, the contract, addenda to the contract, and counter offers.
It’s important to realize that if you are ever taken to court over a disclosure issue, and you are unable to provide the court with documentation, signatures of all buyers, and a date on which you made the disclosure, your case will be a difficult one to win. I make sure that this NEVER happens to my clients.
Of particular importance is the third page of the transfer disclosure document. Each real estate agent involved in the transaction does a diligent visual inspection of the property. If a buyer were to sign and date the document prior to the agent’s inspection date, a court might make a judgment stating that the visual inspection was never disclosed to the buyer prior to the close of escrow. Thus it’s critical to involve a realtor at the early stages of the process of selling your home, in order to avoid any legal issues related to disclosures that might arise at a later date.
Other Strategies to Sell Your Oakland Hills Home:
- Identify your goals and timeframe
- Analyze your property's strengths and areas for improvement
- Arrive at your home's current market value
- Design and implement a customized marketing plan
- Advise you on the components and effects of each offer you receive
- Assist you with a complete disclosure
- Assist you after the sale
