Once your offer on a homme has been accepted by the seller, your transaction is then placed into Escrow.
Escrow describes the third-party handling of funds, documents, and tasks that are specific to closing. The sole purpose of Escrow is to manage the disbursement of funds and documents.
The buyer and/or seller that is involved in a transaction selects the Escrow provider. You can defer to your Real Estate agent to make this decision if you aren’t sure. The provider can be an escrow company, title officer, attorney, and can depend on the geographical location of the transaction.
The Escrow provider chosen arranges and tracks requirements and contingencies within the purchase contract, including home inspections, financial requirements, homeowners insurance, and any repairs that are negotiated during the sale.
Once all transaction documents are met, the Escrow company will disburse funds to the seller and all other parties in accordance with the purchase agreement. The cost of Escrow services are covered by the buy or seller. Once all tasks within the sales purchase agreement are completed, the transaction is complete and the Escrow closes.
Your Local San Diego Real Estate Expert,
We couldn’t be happier to hear that not one, but TWO new businesses opened up in Rancho San Diego this week!
Ali Baba Restaurant & Lounge:
Right off the corner of Chase and Jamacha Road in Rancho San DIego, Ali Babas has opened their third location in San Diego! We couldn’t be more excited for this. Offering some of the best Mediterranean food at the best price, enjoy the new location with a lounge. The family-owned restaurant offers a unique dining experience, usuing only Hala food, while specializing in a real Mediterranean atmosphere of the anceient Kings of Arabia. What could be better than food? The owners have opened a hookah lounge just next door for guests.
Check out their full menu, including a vegetarian menus. Their other locations in San Diego are in El Cajon off Avocado Avenue and Escondido. Go to http://www.AliBaba421el.com
After the closing of Savannah Grille in Rancho San Diego, community members have eagerly (and we mean they’ve stalked the Nicky Rottens Facebook page for months) awaited the arrival of Sports Bar and Burger Joint, Nicky Rottens.
On the corner of Jamacha Road and Willow Glen, the new Nicky Rottens Bar and Burger Joint is famous for their burgers, spirits, and most importantly, their sports and entertainment. Opening the third location in Sa Diego, the bar and burger joint offers multiple flat screen TV’s surrounding their restaurant, perfect for sports lovers everywhere. Clad in black, leather, and oak, this is the ultimate bar destination for your favorite sporting event. The mood is set with music from the 80’s, 90’s, and today’s hits. The restuarant is family owneed, so that means you will receive the best product at the best price, while offering the best service possible.
The burger joint has two other locations- San Diego’s Gaslamp quarter, and Coronado, located off Orange Avenue. This location is seperately owned from the other two. If you’re up to it, try the Nicky Rottens Ultimate Burger Challence. VIsit their website for menu options, address, and hours. http://www.NickyRottens.com.
The Restaurant is scheduled to open to the public this Monday, March 17th, 2014.
Your Local Real Estate Expert in San Diego,