Escrow Tips for Sellers

In last week’s blog, we went over some tips for buyers who are in escrow. This week, we will look at tips for sellers in escrow. Keep reading for more!

Communicate Communication is definitely a two-way street. It’s important to discuss all concerns and questions openly and honestly with all parties in escrow. Your agent or broker is there to help guide you through the entire process of selling your home, and should be utilized as a resource. Any and all communication is imperative for a successful escrow. It’s equally as important in building a trusting and long-lasting relationship with your agent. As I mentioned in last week’s blog, there is no such thing as over-communication. So, go ahead and ask questions, voice concerns, and ask for updates throughout escrow.

Disclose Everything As a seller, you are most knowledgeable about your home. You know its history, its charm, and all the details (both positive and negative) in between. Therefore, it’s your responsibility to accurately and honestly disclose all information about your home to your agent and to the buyer(s)/buyer’s agent.  For example, if there are any issues with the home, if there have been any recent or major repairs or insurance claims, basically, anything you’d want to know about your home or a home you would be buying, should be disclosed and communicated to ensure a smooth escrow.

Nothing Personal You’ve lived in your home for a select period of time. You’ve made memories and shared the space with loved ones. You’ve added your personal touches, and worked hard to make it perfect. Now that you are selling it, you have to detach from those feelings because the new buyer will undoubtedly want to make changes and specifications to make it perfect for them. During inspections and repair requests, and throughout the whole process, it’s best not to take such changes personally. It doesn’t mean that they don’t like what you’ve done with the home, it’s just that they want to make it fit their tastes and make it unique to them.