5 Things to Look for When Choosing an Escrow Company

5 Things to Look for When Choosing an Escrow Company

Selling or buying a home is a complicated business transaction. It’s no wonder a lot of individuals feel overwhelmed by these real estate transactions. There are numerous professionals and companies available to help you in this process.

You can make your home buying or home selling process profitable by hiring the services of the right escrow company.  Having the right escrow company that can deal with your affairs professionally can make the entire process smooth and seamless without any delay or complication. Therefore, finding the right escrow company for your home buying or home selling process is critically important.

As a seller, buyer, or real estate agent, you should consider these 5 aspects when finding an escrow company:

1. Reputation

Reputation is one of the most important factors to consider when choosing an escrow company. You want to make sure that the company you are using is free of unethical behavior and has a good reputation. When researching about the company, make certain to read its customer reviews to see how other clients rate their services. Choose the company that is professional, detail-oriented, ethical, and reputable to make sure that you receive proper service.

2. Communication

Responsiveness and communication can often be an indicator of how a company offers its services. It is an essential element to consider when choosing an escrow company. Most often, escrow companies that present the information in a quick and transparent fashion will often provide more comprehensive and better services. Just like any other business, vague portrayals of information and delayed response times can often be a sign of insufficient or even shady service.

3. Experience and Resources

While good communication and reputation are important factors, it’s time to dig deeper into your research. You want an escrow company that has ample experience in this field. You should make a quick call to review their experience and ensure that they satisfy your requirements in this regard. Furthermore, it’s essential to learn about their distinct value proposition and whether they have the resources to satisfy your specific requirements.

4. Location

Just as the right location is important to the home selling process, considering the location of the escrow company’s office is also equally important.  While it would be rare to need to visit the office of the escrow company, it may be a possibility in some cases.  At the very least, an escrow office located in the same region as your transaction offers the benefit of knowing that the escrow representatives are very familiar with any location-based real estate nuances that are particular to the area, and that can be a big advantage.

5. Compare Costs

Any escrow company that can provide accurate estimates of costs involved in selling your home, escrow services, title insurance, etc. is worth checking out.  Many escrow companies quote the base fee and then surprise you with additional fees at the end of the transaction.  It is wise to ask a particular fees such as overnight, messenger, wire, doc prep, storage, edoc, email, etc.

In the escrow business, service is a gold standard. Whether through research or referrals, make sure to choose an escrow company that always puts your needs first.

 

Inland Empire Escrow is a highly renowned escrow company with consumers and real estate professionals throughout the Inland Empire and holds the highest standard in ratings through the Better Business Bureau, the Department of Business Oversight and local real estate associations.  Our Escrow Officers attempt to provide quick responses via email and always take your call unless they are in an appointment or on the phone, in which case assistants are available to assist you.  We have been serving Southern California for three decades and have processed over 90,000 escrows.  With offices in Chino CA and San Bernardino CA, we quickly and professionally service all the surrounding cities such as Chino Hills, Ontario, Rancho Cucamonga, Upland, Riverside, Redlands, Colton, Grand Terrace, Yucaipa, and more.  We feature flat escrow fees with no “junk” fees so that the escrow fee is easy to quote and easy to understand.  To hear more about our escrow services for residential, mobile home, short sale, REO, bulk / business sale, 1031 Exchange, or agricultural escrow, contact us today at (800) 917-9387.