What Is Escrow?

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Escrow is the system that is used to manage the transfer of money and documents between the buyer and the seller in a real estate transaction. This is a two part video.
In part 1, we will explain how the escrow system works, the benefits of the system and how it can help the buyer and the seller. In the second video, we will discuss the process of how the escrow company comes up with an estimate of the property value and what to do if there is a disagreement between the buyer and the seller. We also explain why it is important to have an escrow agent.

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