Expert Escrow Closing Services
Our Escrow Closing Services
Your Partner in Escrow Closings
1031 Exchanges
Facilitating 1031 exchanges to help you defer capital gains taxes and maximize your investment potential.
Efficient Closings
Expert Guidance
Comprehensive Services
Our Process
How Our Escrow Closing Services Work
1
Step 1: Open Escrow
Once the purchase agreement is signed, we open an escrow account to hold funds and documents securely.
2
Step 2: Conduct Title Search
We perform a thorough title search to ensure there are no liens or encumbrances on the property.
3
Step 3: Prepare Documents
Our team prepares all necessary documents for the closing, including the deed and settlement statement.
Frequently Asked Questions
What is escrow?
Escrow is a neutral third-party service that holds funds and documents until all conditions of a real estate transaction are met.
How long does the escrow process take?
The escrow process typically takes 30 to 60 days, depending on the complexity of the transaction.
What is a 1031 exchange?
A 1031 exchange allows investors to defer capital gains taxes on the sale of a property by reinvesting the proceeds into a similar property.
What documents are needed for closing?
Documents needed for closing include the purchase agreement, title report, loan documents, and identification.
Who pays for escrow services?
Escrow fees are typically split between the buyer and seller, but this can be negotiated in the purchase agreement.
Can I choose my escrow company?
Yes, buyers and sellers can agree on an escrow company, or it can be specified in the purchase agreement.
What happens if there are issues with the title?
If there are issues with the title, our team will work to resolve them before the closing can proceed.
How are funds transferred during escrow?
Funds are transferred securely through the escrow account, ensuring all parties are protected.
What is a settlement statement?
A settlement statement outlines all the financial details of the transaction, including fees and charges.
Ready to Close Your Deal?
Our expert team at Osage County Abstract & Title Co. is here to ensure your escrow closing process is seamless and efficient. Whether you need assistance with a 1031 exchange or any other escrow service, we are ready to help. Reach out now to schedule your consultation and take the next step towards a successful transaction.