Escrow Services can Cover needed Repairs in a Home Sale

1
Escrow Services can Cover needed Repairs in a
Home Sale

• Just because a home needs some work doesnt mean
  it cant be sold. An escrow services expert
  explains how the work can be guarantee so a sale
  can move forward.

Home repairs that are underway or needed when a
house is on the market dont have to be a
roadblock to selling. A Los Angeles escrow expert
said getting those repairs completed can be part
of an escrow agreement. This happens a lot
particularly where pools are concerned. Pools are
high maintenance items in a home, Parts wear out.
If it is a vinyl pool, the liner has to be
replaced every seven to 10 years, said Wendy at
EverythingTitle.com.
2
All the seller has to do is put the needed work
into the escrow agreement and put the money for
the work into the same account. Then, the escrow
agent makes sure the work gets done. The
contractor then gets paid when the work is
done. This works well for several reasons.
First, the buyer has a guarantee that the work
will be done. Second, the contractor knows he
will be paid without having to argue with the
buyer or the seller. Third, the seller can move
forward with putting the house on the market,
she said. The buyer and the seller, in a case
like this, together decide what needs to be in
the escrow services agreement, she said. The
escrow agent can then review the agreements and
makes sure both sides understand what the other
intends. Wendy said this eliminates confusion and
misunderstanding later. Escrow is more than
just money. Its also agreements on what will be
done by whom and when, she said. A good escrow
services agency can explain how such agreements
needed to be worded. For more information about
escrow services in Los Angeles, contact Wendy at
http//www.EverythingTitle.com, or call (310)
927-0351