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3 Things To Avoid at the Close of Escrow

Monday, August 9, 2021   /   by Sandy Gabrielli

3 Things To Avoid at the Close of Escrow

Make sure you don’t fall into these pitfalls at the close of escrow.

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Today I’ll go over three common escrow pitfalls that we want you to avoid:

1. Credit. The credit that got you approved needs to be the same as when you close. You generally don't want to make any big purchases, pay anything off, or make large deposits. Talk to your lender to make sure that it won’t affect your ability to close escrow. Right before closing, the lender will be doing another credit verification.

2. Timelines. There are contractual timelines built into your agreement to purchase the home. Lenders also have deadlines for information needed to finish the transaction.You need to be very responsive to any requested information in order to close escrow on time. It will save you money, time, and stress.

3. Wire fraud. Pay attention if you get a request to wire funds. You will likely be wiring funds at the close of escrow to cover your down payment and your closing costs. Those will be wired to the title company. To verify that the funds being requested are legitimate, talk to your lender, agent, and escrow officer.

If you have any questions, please reach out to me
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  real estate

RE/MAX Professionals
Gabrielli Homes Team
4838 Sparks Blvd #102
Sparks, NV 89436
775-772-8097

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of the Northern Nevada Regional MLS and is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by Brokerage firms other than RE/MAX Professionals are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokerage. Data is deemed reliable but not guaranteed. Copyright 2021 of Northern Nevada Regional MLS. All rights reserved.
The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of the Northern Nevada Regional MLS and is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by Brokerage firms other than Sandy Gabrielli - Gabrielli Homes Team / RE/MAX PROFESSIONALS are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokerage. Data is deemed reliable but not guaranteed. Copyright 2021 of Northern Nevada Regional MLS. All rights reserved.
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