Buying or selling residential property is governed by many laws and local regulations, many of which change yearly. For first-time buyers, the process is intimidating and overwhelming. For experienced buyers or sellers, the process is burdensome. So why not make it simple by using residential resale escrow services?
Lightspeed Escrow was founded by real estate experts that understand the ins and outs of real estate transactions. We will cover all the bases so that you invest the minimal amount of time possible. Guarantee your transaction goes smoothly by using Lightspeed’s residential resale escrow service.
Error-filled transactions frustrate both buyers and sellers, and lead to closing delays. When these errors lead to unexpected closing costs, it can even kill the sale. That’s why Lightspeed’s escrow service is, above all, accurate.
And our experience allows us to finish the process quickly, particularly because most of the job is done electronically. So, you will be done as quickly as possible with minimal effort on your part, and all with a low escrow fee.
The buyer needs to deposit the funds to cover the sale price and any additional cost. The funds are kept in the escrow account and are only transferred once the conditions of the sale are met. The funds can be kept in the escrow no matter if the buyer pays in cash or takes out a loan.
You can even use our escrow service if the buyer is not paying in cash or taking out a loan, but taking on the seller’s current loan.
Most buyers take out a loan to buy property, and that entails many forms and documents that we will keep track of. The seller needs to provide a deed to the property that will ultimately transfer ownership, and that is prepared by escrow. On top of that, the seller also needs to provide disclosure documents, documents regarding HOAs, and more, depending on the circumstances.
Lightspeed Escrow will provide you with an escrow agent to advise you at every step of the process, regardless of which side of the transaction you are on.
After all the conditions are met, the deed to the property is transferred to the buyer and the proceeds are transferred to the seller. Our job is to make sure that all parties to the transaction fulfill their obligations so that the transaction can go through as quickly as possible.
In short, the role of our residential resale escrow service is to make sure that all parties involved in the transaction meet the requirements for the transaction and provide all the forms necessary so that the transaction is compliant with local, state, and federal laws and regulations, and the needs of the buyer and seller
Each transaction is unique and requires an individualized approach. Lightspeed Escrow has many years of experience in real estate and knows all the pitfalls that could slow down or even kill a sale.
We will be with you every step of the process to make sure you close smoothly.Request Information