954-962-8889
Menu / Navigate

Understanding real estate escrow in Florida

Escrow is one of those terms that can confuse and overwhelm people going through a real estate transaction. However, it does not need to be so confusing. By understanding the terminology associated with escrow, as well as the reason why it is so important, you will feel more prepared to go through the process.

Going through escrow efficiently requires that you have a good overview of all aspects the process. Take the following steps when starting to address escrow.

Understand why it's important

Many buyers and sellers dismiss escrow as an irritating bureaucratic aspect of going through a real estate transaction. However, to fully understand it means appreciating the importance of the process. Escrow plays a key part in keeping your funds secure in the event of a real estate transaction falling through. It also protects the seller because it ensures that the buyer has the funds to make the purchase. It also protects the buyer from fraudulent sellers.

Take responsibility for the process

As the buyer or the seller, you should remember that you have an active role to play in the escrow process. Make sure that you read over all documents relating to escrow. Ask your real estate agent any questions you have, and similarly make yourself available so that you can respond to queries that other parties have. You will also need to be organized, and you should hold on to all escrow documents for tax purposes.

Going through escrow is a necessary part of any real estate transaction. You must understand all the steps involved in a real estate transaction, so you can successfully close.

No Comments

Leave a comment
Comment Information

Contact

Jeffrey Feinberg, P.A.
4651 Sheridan Street
Suite 200
Hollywood, FL 33021

Phone: 954-962-8889
Fax: 954-966-6259
Map & Directions

Contact The Firm

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Back to Top