The Rich Haney Group

Although it’s not the most talked-about aspect of buying a home, escrow is nonetheless a vital component of a successful transaction.

Escrow is an arrangement in which a neutral third party holds onto funds and key documents involved in a home sale, and then distributes them according to the agreement between the buyers and sellers.  The Escrow period begins when a seller accepts a buyer’s offer, and ends at the closing table.

Purchasing a house isn’t like buying shoes; there’s a lot of money involved, a lot of steps to manage, and a lot at stake.  So the buyers and sellers don’t exchange money and documents directly with one another.  They do it through the escrow account.

Escrow ensures accountability. Buyers want to be sure all contingencies are met (inspection, title report, secured mortgage, etc.) before the sellers cash any checks.  Sellers want to make sure they receive funds before they hand over the deed.

As full time real estate professionals for over 14 years, we use a team concept to better service every area of our client’s needs.

We have individuals that focus on helping sellers get their property sold for the highest possible price, and those that help buyers find, negotiate and purchase their new home.

A lifetime of customer service has taught us that if we take exceptional care of the client, our business will thrive. We live it every day.