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.

Boston condos for sale near Beacon Hill

Back Bay Boston condos for sale 
Beacon Hill  Boston condos for sale
Charlestown Boston condos for sale
Navy Yard Charlestown  Boston condos
Dorchester Boston condos for sale
Fenway  Boston condos for sale
Jamaica Plain Boston condos for sale
Leather District Boston condos for sale
Midtown/Downtown  Boston condos for sale
Seaport District Boston condos for sale
South Boston condos for sale
South End Boston condos for sale 
Waterfront condos for sale 
North End condos for sale
West End  condos for sale
East Boston condos for sale

Condos around the Beacon Hill area to rent:

Back Bay area condos for rent
Beacon Hill area condos for rent
Charlestown area condos for rent
Navy Yard Charlestown area condos for rent
Dorchester area condos for rent
Fenway area condos for rent
Jamaica Plain area condos for rent
Leather District area condos for rent
Midtown area condos for rent
Seaport District area condos for rent
South Boston area condos for rent
South End area condos for rent
Waterfront area condos for rent
North End area condos for rent
West End area condos for rent
East Boston area condos for rent

Boston Beacon Hill condos for sale

 

 

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