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Showing posts with the label escrow

Thorne Home Team - 2020 Sales!

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2020 ... So much to say about this past year. But with regard to real estate, it was busy! We are so proud and thankful to have been a part of 21 sales, and nearly $27 million in sales volume. We are living through a time when everything "home" is vitally important and we take that responsibility to heart.  We feel for every person who has been affected by COVID-19, whether it's physical health, mental health, work, financial, relationships, or otherwise. We have had clients grappling with many aspects of this pandemic, and we hope to have provided a little light, warmth, and comfort during these trying times.  Thankfully, we have also seen many positive shifts over the past year. Many of our clients were able to move as a result of being less tethered to a desk chair. Less traffic, fewer commute hours, cleaner hands, more time with family, decluttered homes, more thoughtful live/work spaces, and a chance to slow down for a bit to really consider the important things in l...

What The Heck is Escrow??

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This is probably the most common first-time homebuyer question and it’s probably the question no one really wants to ask out loud. Google search! The term escrow describes the period of time between offer acceptance and when you actually get your keys. This period of time is usually somewhere around 30 days, but it could be faster or shorter depending on the specifics of your situation. This is where the escrow company holds your initial deposit - usually 3% of the purchase price in Marin County, and this is when the appraiser provides the appraisal report, and your lender analyzes your paperwork and gives final approval of your mortgage loan. If you have an inspection period written into your offer, you’ll also use this time to perform all your investigations of the property. This often includes a general home inspection, and a pest inspection (or wood-destroying organisms inspection). Sometimes the seller provides these reports up front so you can review them before placing the...