Homebuyer's Escrow Process Explained: What to Expect
You're a new real estate agent representing a homebuyer in escrow for the very first time. How does the escrow process work for homebuyers in real estate and what do you need to know?
🏆💰🏘Build a wildly successful career in real estate: bit.ly/47sX5qp
The escrow process looks different when you represent homebuyers versus homesellers. There are milestones you need to need to meet by certain days, and in this video, Robert Rico shows what they are and when you should meet them.
This video is an action item list of the things you need to do when you represent your homebuyer for the very first time in the escrow process.
Chapters:
00:00 - Is this how you feel?
01:08 - The very first thing you need to do
01:19 - What do escrow companies do?
01:31 - Here's what escrow will do first
01:52 - Here's what escrow will do second
02:41 - Knowing this will protect your buyer in escrow
03:37 - What you need from the seller by Day 7 of escrow
04:45 - On Day 17, this important thing will end!
05:30 - Always remember this when you're in escrow
06:22 - Before Day 17, do this...
07:12 - This will end on Day 21
07:59 - These will start "the beginning of the end"
09:13 - And here's how escrow will close
#Escrowprocess #escrow #homebuyers
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Пікірлер: 29
🏆💰🏘Build a wildly successful career in real estate: bit.ly/47sX5qp
Perfect timing as I just opened my first escrow last Friday! Thanks for simplifying what feels like a daunting process! Your videos are invaluable.
@USRealtyTraining
2 жыл бұрын
Glad you liked the video and it was helpful, Catherine! Thanks for watching and dropping a comment. I'm glad I could help you out. Also, a big congratulations on opening escrow! That's HUGE! It's the start of something great.
This was very helpful!
Bro you are GOATED! Your explaining of the escrow stage made me a fan! Felt like I was watching a great movie!!!!
you are a genius real-estate teacher
@USRealtyTraining
2 жыл бұрын
Ha - appreciate the kind words. Thanks for watching.
Always great to watch your videos, very well explained, and entertaining 👏🏻
@USRealtyTraining
2 жыл бұрын
Glad you like them! Thank you so much for watching.
Been loving your videos! I’m heading to this stage soon.
@USRealtyTraining
2 жыл бұрын
Woohoo! That's great to hear. Thanks for watching, Chris. I appreciate your viewership!
Great videos! Thank you. I can’t wait to close my first deal 😊
@USRealtyTraining
2 жыл бұрын
Glad you liked the video, Crystal. Hope that first deal closes one day soon!
What about when it comes to a new build home?
Could you please provide me copy of this Steps, if is not much to ask. It will be very helpful. thank You. I wrote some but they could not be clear as yours. Thank you again.
Is there a video about representing the Seller During Escrow?
@USRealtyTraining
Жыл бұрын
There's not! But, that's a good video idea. In the meantime, I would recommend watching this video on meeting sellers for the first time: kzread.info/dash/bejne/emx2o9N9hseZk9I.html
What platform is best to ask you questions?
@USRealtyTraining
2 жыл бұрын
You can ask me questions here. Ask away!
@gabrielsilvas692
2 жыл бұрын
@@USRealtyTraining i live in a small town in west texas population like 10-12,00 theres some money to be made lot of oil money but alot of poverty as well rv parks and trailer parks. Theres alot of potential but i wanna move to Austin to make some real money. But i remember you saying stay where you know everything like your hometown and what not. Just needing some advice on that getting my license soon. Theres only like 2 realtors here i believe lol. Thanks for any input!
@USRealtyTraining
2 жыл бұрын
@@gabrielsilvas692 This is an excellent question. Yes, you should practice where you are familiar. That is the easiest way to create a foundation for yourself as a new real estate agent. But, I want you to know that isn't a be all end all rule. You can still make this career work for you in a new city. It will be hard if you move to a city without any contacts, but it's not impossible. You can also do your research ahead of time and figure out the exact area you would like to farm so when you arrive, you know exactly where to go for your clientele. Alternatively, you can go through the licensing process, help people in your area, get your feet wet, and move to the city when you feel more comfortable. But, if comfort isn't a factor, then you can always start building your contacts for the Austin area right now. I want to share a few videos that I think would help you out: - Mitch Stein interview, coming from a place of service, building contacts: kzread.info/dash/bejne/fZibxryAnr2fYbw.html - Paul Morris interview, building wealth and the quick and easy way to become a neighborhood expert: kzread.info/dash/bejne/dJtr2a-QgNq7f5M.html - Tisha Janigian's video on real estate farming has a TON of creative and smart farming ideas: kzread.info/dash/bejne/i6SJmrKcqdqwddY.html - Selling real estate in other cities (you may have seen this one already, but this would be a good one to watch in case you find leads in YOUR area who would like to move to Austin or vice versa): kzread.info/dash/bejne/Y62o2dCoZdfAfpc.html I hope this helps. Remember that you can make this work. Sure, you might not know Austin like you do your current neighborhood but that is something that you can fix easily. Build your contacts in the area you want to represent and always come from a place of service. Then, the money will follow! Best of luck to you, Gabriel. Please let me know if you have any other questions!
@gabrielsilvas692
2 жыл бұрын
@@USRealtyTraining i will check out those videos, and i truly from the bottom of my heart appreciate you taking the time to answer my question! And appreciate the advice feels really great coming from a guy like you. 😎👌
@USRealtyTraining
2 жыл бұрын
@@gabrielsilvas692 Anytime, Gabriel. Go out there and do great things! The CART team is rooting for you!
😀
@USRealtyTraining
2 жыл бұрын
(: