Thursday, July 04, 2019 / by Michael O'Neal
Wednesday, May 29, 2019 / by Michael O'Neal
According to the latest monthly report from the Houston Association of Realtors (HAR), sales of single-family homes increased 7.8 percent in April, with 7,586 homes sold compared to 7,035 in April 2018. That marks the third straight month of positive sales and the biggest volume gain of 2019. On a year-to-date basis, home sales are 2.2 percent ahead of last year’s record pace.
Single-family homes prices reached record highs for an April. The median price (the figure at w ...
Saturday, March 16, 2019 / by Michael O'Neal
Friday, February 22, 2019 / by Michael O'Neal
Escrow is also a contractual arrangement in which a third party—usually the escrow officer—maintains money and documents until the deal is done.
How escrow works
The escrow agent is a third party—perhaps someone from the real estate closing company, an attorney, or a title company agent (customs vary by state), says Andy Prasky, a real estate professional.
The third party is there to make sure everything during the transaction proceeds smoothly, including the transfers of money and documents. Escrow protects all the relevant parties in a real estate transaction by ensuring that no funds from your lender and property change hands until all conditions in the agreement have been met.
Along the wa ...