An escrow is a common component of many home sales. It’s an agreement in which a third party (usually a title or escrow agent) retains a significant sum of money in an account until a home has been sold. The buyer will deposit money into the escrow account as a sign of good faith and to signify their intent in owning the home.
Here is a comprehensive look at the San Mateo County area real estate market for the month of February 2021. Give us a call at the Chris Eckert Real Estate Team | 650.627.3799 and we can answer all your real estate questions.
Buying a home in California can be expensive. You need to have enough money saved for a down payment, as well as future mortgage and utility payments. Closings costs, earnest money and other expenses may also be required for the transaction.
Sellers are required to pay certain costs during the transaction. Costs can vary depending on where you live, the type and size of house being sold and local and state laws and regulations. These expenses should be taken into account when putting your home up for sale.
Homeowners can transfer their Property Taxes to a new home up to three times Anywhere in California!
One thing that many sellers are concerned about is the money made from the sale of a home. It’s nice to have a fair amount of money that can be put towards the purchase of another home, a retirement property or other big-ticket items. However, the transaction may be subject to state or federal taxes.
Chris Eckert DRE 01456626
16 E Third Avenue
San Mateo, CA 94401
(650) 627-3799
CalDRE 01906450
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