Escrow Of Residential Real Estate

Intro: Escrow is among the final steps in residential real estate transactions. Make sure everything goes according to plan by familiarizing yourself with timelines, enforcement options, and more.

What Is The Role Of Escrow In A Residential Real Estate Transaction In Snohomish County?

Escrow acts as a neutral third party that holds funds and documents until all conditions of the sale are met. The escrow agent ensures both parties fulfill their obligations before transferring the property and releasing funds.

Who Selects The Escrow Agent In A Typical Snohomish County Home Sale?

The choice of escrow agent is usually negotiated between buyer and seller and is often influenced by the real estate agents involved. Local practice may lean toward the buyer selecting the escrow company, but it’s always subject to agreement.

How Do Escrow Timelines And Milestones Affect Closing In Snohomish County?

Escrow timelines ensure that inspections, financing, and title clearance happen in the proper order. Missing deadlines can delay or jeopardize closing, making careful tracking essential.

What Happens If A Buyer Or Seller Defaults During Escrow In Snohomish County?

If a party defaults, the non-breaching party may be entitled to remedies outlined in the purchase agreement—such as retention of earnest money, specific performance, or legal damages. An attorney can advise on enforcement options to protect your interests.

Call To Action (CTA):

Take the final steps of escrow with Gourley Law Group. We’ll help you approach the process with the skill and professionalism you need to succeed.

Schedule a free consultation today by calling (360) 203-1941!