For Sale By Owner (FSBO) and the Crucial Role of Escrow
In a For Sale By Owner (FSBO) transaction, the buyer and seller negotiate directly without real estate agents. While this can save on commissions, it also means there are no licensed professionals guiding the process. This makes the role of a neutral third-party escrow company absolutely critical.
An escrow officer ensures that the transaction adheres to all legal and contractual requirements. We prepare the necessary documents based on the purchase agreement, hold the buyer's funds securely, work with the lender, and coordinate the final signing and recording of the deed. For both buyer and seller, using an independent escrow holder like Best Escrow Company, LLC provides a vital layer of security and ensures that all aspects of the sale are handled professionally and impartially, protecting both parties' interests from start to finish.
