$500.00 Per Escrow
Fee Can Be Paid for in Escrow.
Services that we provide:
Open Escrow
(if your Buyer) forward buyer's deposit to
escrow
Work closely with the escrow officer throughout the entire transaction
Give the file to you at close of escrow
Maintain your file during the escrow
Keep a communication Log
Send introductory letter to your customer and the other
agent upon receipt of the file
Track dates and calendar items per the
contract (Contingency Removals etc)
Remind you and the other agent of the contingency
removals and calendar items
that become due
Schedule inspections and notify your client and the other agent of the
schedule
Order and follow up upon receipt of inspection reports
Give pay off information /
Homeowners Association Information
Order natural hazard reports,
home warranty etc., (as per contract)
Forward all paperwork, reports, disclosures to customer for signatures (if
you
choose to have that done)
Forward all applicable disclosures to the other agent OR request
disclosures
from the other agent
Clerical services in connection with specific transaction
Provide escrow net sheet to you for approval and then fax to title
Make sure broker/office file is complete at close of escrow
At close of escrow provide you with a complete file
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Services that we do not provide:
Personal Assistant
Negotiate
Meet inspectors, Appraisers, (or run comps) Hold Open Houses, etc.
Sign any documents for customer or agents
Anything that requests leaving the office
Perform any duties that would be considered a violation of California
Real Estate
Law
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- The Real Estate Transaction Lifecycle from
the
- Transaction Coordinators Perspective
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Purchase Contract Accepted |
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Receive Contract from you or Buyers Agent |
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Open Escrow
(if your buyer) Send Deposit Check to
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Fax / email Contract to the Loan Officer (If our Buyer) |
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Schedule all Requested Inspections |
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Send Introductory Letter to Client & Other Agent as well as the Calendar of
Events, Inspections Ordered List of Dates & Times & Request for
Disclosures |
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Call Client &
Agent to Introduce Escrow Services |
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Calendar Due Dates for Contingency Removals,
etc. |
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Turn Broker Copy File to Your Office |
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Begin Process
of Collecting All
Documents |
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As Disclosures
come in, Escrow Services will send you the copies that
are needed for your and Buyers Signature .
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Buyers Loan
Documents are Ordered. |
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Make sure any
work required ie, Termite Sec. 1, Roof Repairs are completed |
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Make Sure We or the Other Agent has Removed All Contingencies per Contract Dates |
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Follow up
with Loan Officer to make sure Buyer is Loan
Approved and the Appraisal has come back at sales price along with any
conditions that may or may not be required. |
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Buyers Loan Documents Arrive in Title. Call and Schedule for Buyer to
sign off Documents.
****GIVE
TERMS TO TITLE**** |
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Buyers
Documents go into Review for 48 to 72 Hours |
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Make Sure all
documents required are in the file, dated and signed and prepare file to
go to Broker for Payment for Real Estate Agent |
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Funding Takes Place |
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Buyer Goes on Record
**Close of Escrow Day** |
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Collect
Commission Checks from Title, Send them along with Agents Complete File to Accounts Payable for Agent Payment |
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Contact Us
209-951-7521
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