5 Helpful Tips for Home Buyers During the Escrow Process

5 Helpful Tips for Home Buyers During the Escrow Process

Couple with estate agent outside house put on sale

Create a timeline

After you open escrow ask your realtor to give you an overview of the escrow process that can help you create a timeline. Mapping everything out visually is a helpful way of relieving many anxieties. Tracking the progression of escrow is better than waiting around frustrated.  

Create a to-do list

Instead of waiting for the escrow process to be completed, keep yourself busy by creating a to-do list for your new home. Schedule inspections, shop different insurance companies, buy new locks, and explore your new neighborhood.

Sign all Paperwork

If there is one thing that you can control as a buyer during the escrow process it’s your paperwork. Making sure you have all paperwork signed as soon as possible and returned to your lender. A delay in turning in your paperwork can mean a delayed escrow. Escrow agents work very hard to make sure the sale closes and any delay can slow down the work. Keep on top of your paperwork and Escrow World will help you take care of the rest.

Keep your finances consistent

Keep a piece of mind during escrow and don’t make any financial decisions that can alert your lender. Financing a new car, quitting your job, or buying thousands of dollars in appliances are all things that can make your lender nervous. A rule of thumb is to hang tight until escrow is complete.

Breathe

Breathe. Go for a run. Watch a movie. Find time to relax. Before you know it you’ll have the keys to your new home in your hands. If the anticipation is still haunting you, call your homeowner friends and ask them to share their stories of waiting. It’s always comforting to hear how others dealt with situations. No matter how long the wait may be, it will be worth it in the end.

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