Boston Condo Beacon Hill Buyers: What Is Escrow? Boston Condos For Sale Ford Realty

Boston Beacon Hill condo buyers: Items to remember about escrow

You submitted an Offer for a Boston condo in Beacon Hill and it has been accepted. The sales broker is requesting $1,000 deposit to be placed in escrow. So what is escrow:

What is Escrow?

Once your offer on a Beacon Hill condo or other real property has been accepted by the seller, your transaction is then placed into “escrow.”

The purpose of escrow is to facilitate the transaction by managing the disbursement of funds and documents.

Key Players in the Escrow Process

Your escrow officer will play a key role in the process, but homebuyers, sellers, lenders and real estate professionals are also integral throughout the process.

While a real estate agent may recommend an escrow agent, the buyer and seller have the right to choose their settlement service providers.

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Boston condo Beacon Hill buyers: What is escrow?

Boston Beacon Hill condo buyers: Items to remember about escrow

What is Escrow?

Key Players in the Escrow Process

Boston condos for sale near Beacon Hill

Condos around the Beacon Hill area to rent:

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