How Do I Choose Corporate Escrow Services for My Real Estate Closing?
Looking to buy, sell or refinance a business? Need assistance with a real estate contract? Don’t know where to place money into escrow? Ask any potential buyer who’s had a closing on a business that was complicated, postponed or fell through and they’ll tell you that choosing corporate escrow services in AZ is the difference between a smooth closing and an unnecessary nightmare.
Here are the top four considerations when choosing a title and escrow company.
Professional Reputation: Ask someone who bought a business. Were they satisfied? Did the staff return phone calls promptly? Did they meet expectations? Were they open to answering questions? Was working with them flexible and easy; did it seem smooth? Were they generally helpful? Work with corporate escrow services in AZ because they’re more professional and held to higher standards.
Service: There corporate escrow services in AZ that treat every transaction like it is the most important transaction ever. Interview the staff or managing attorney. See what kind of transactions they close regularly; is it new construction, commercial real estate, vacant land, refinance, or short sales. Find out who does the dirty work when there’s a title issue. The representative from the corporate escrow services company is going to be your go-to person for the closing.
Location: You will have to go there at least once to sign pages and pages of legal documents. So, choose a local title and escrow company with an office that is convenient because chances are you probably will have to go there numerous times. It is common to make an average of 2 to 3 trips to their office for a real estate closing.
Cost: Airlines are not the only business trying to make an extra buck. Some title and escrow companies are ripping people off with their fees. Go into the closing as informed as you can. Spend a little time to get quotes from multiple corporate escrow services in AZ. Ask them for a copy of their fee sheet before the closing.
Because of 2010 Real Estate Settlement Procedures Act (RESPA) rules, a title and escrow company have strict guidelines for switching fees, changing fees or adding junk fees. The rules are there to protect the consumer. Do not let them stick you with a fee at the closing table that was not originally quoted.
How do you know a closing was effective and smooth? When the corporate escrow services in AZ seemed invisible. When they silently worked in the background. When issues arise, that is when you need the company the most. A good title and escrow company can save a bad transaction. So when you find a good company, stick with them and share that experience with others.
We feel that effective communication is the key to successful closings and we ensure open communication and professional response time with all parties involved in your real estate closing transaction. If you need expert corporate escrow services in AZ, call our office today to schedule a consultation.