Understanding how Escrow works – 1%* Full Service Listing fee, Save 45%** to 83%** vs a 6% Fee, Save $25,000 vs 6% @$500k, 27+ Years Exp Sacramento Discount REALTOR® Agent Broker North American-REALTORS®, Sacramento, CA

Closing the Sale!

Escrow

To finalize the sale of the home a neutral, third party (the escrow holder, a.k.a. Escrow Officer) is hired to assist the transaction in closing properly and on time. The escrow holder insures that all terms and conditions of the Seller's and Buyer's agreement are met prior to the sale being finalized, including receiving funds and documents, completing required forms, and obtaining the release documents for any loans or liens that have been paid off with the transaction, assuring you clear title to your property before the purchase price is fully paid.

The documentation the escrow holder may be collecting includes:

Loan documents
Tax statements
Fire and other insurance policies
Title insurance policies
Terms of sale and any Seller-assisted financing
Requests for payment for various services to be paid out of escrow funds

Upon completion of all instructions of the escrow, closing can take place. All outstanding payments and fees are collected and paid at this time (covering expenses such as title insurance, inspections, real estate commissions). Title to the property is then transferred by the County Recorder to the Buyer and appropriate title insurance is issued as outlined in the escrow instructions.

At the close of escrow, payment of funds shall be made in an acceptable form to the escrow (the Escrow Officer will inform the Buyer of these acceptable forms).

The Escrow Holder Will:		The Escrow Holder Won't:
Prepare escrow instructions Request title search Comply with lender's requirements as specified in the escrow agreement Receive funds from the Buyer Prorate insurance, tax, interest and other payments according to instructions Record deeds and other documents as instructed Request title insurance policy Close escrow when all instructions of Seller and Buyer have been met Disburse funds and finalize instructions		Give advice - the escrow holder must maintain neutral, third-party status Offer opinions about tax implications

Mortgage Escrow Account

A Mortgage Escrow Account is established to pay on-going expenses while there is a loan on the house. These expenses include property taxes, home insurance, mortgage insurance, and other escrow items. Generally, the Escrow Account is partially funded at closing and the home Buyer makes on-going contributions through their monthly mortgage payment.

This Seller Saved Thousands of Dollars vs. the 6%* fee, you can save too!

We will continue to promote fair competition preventing monopolies in the real estate business for the benefit of all consumers as lower commissions keeps more of homeowner's hard earned equity in their pockets.

Looking to Sell

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Looking to Sell?

Are you looking to sell your house? Let us help you. Just fill out as much of the information below that you want and we'll get right back to you, with no obligation to you. We guarantee your privacy.

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REALTOR® -- A Registered collective membership mark that identifies a real estate professional who is a member of the NATIONAL ASSOCIATION of REALTORS® and subscribes to its strict Code of Ethics.

* Notice: The amount or rate of real estate commissions is Not Fixed by law. They are set by each broker individually and may be negotiable between the Seller and Broker. Any reference to a 6%* fee/commission is for savings comparison with the 1%* fee and was solely chosen as a sample number as any fee/commission (5.8%*, 5.9%*, 6.1%*, 6.2%*, 7%*, 8%*, 9%*, 12%*, etc.,) can be negotiated by any real estate professional. The fees/commissions described on this website may change from time to time without notice and are subject to minimum listing limitations. The Listing Broker's Minimum Listing Fee is $2,950. The Listing Broker's Minimum List Price is $295,000 (excluding zip codes 95825, 95826 Minimum List Price $250,000). The low cost discount full service listing offer does not include Short Sales as they are more complex and time consuming transactions. We specialize in Residential Home sales and do not offer Commercial Real Estate services. The higher the Sales Price the More you SAVE! We can continue our 27+ years of saving consumers thousands of dollars in commissions as long as there are no rules or regulations passed or interpreted meant to Restrain Competition among Brokers which would injure consumers thru higher costs to sell a home. Entry into the MLS and payment of an MLS Agent's additional fee is NOT mandatory and NOT necessary to receive Listing Broker's FULL SERVICE ("all necessary services") for only 1%* commission as we encourage expanding Consumer's Choice in Real Estate Services to prevent Anti-Competitive Practices. We provide FULL SERVICE to all Sellers whether they Opt-In or Opt-Out of the MLS. Seller can Opt-In to the MLS and pay an MLS Agent's additional fee at any time during the listing. Any reference to "overpriced 6%*" in advertising is solely meant to inform the consumer of our belief that we feel if we charged a consumer a 6%* listing fee we would be pricing NORTH AMERICAN-REALTORS® listing fee too high, thus our 1%* commission. The phrase "overpriced 6%*" in advertising is part of the negotiating of the commission between the listing Broker and Seller as the consumer knows from this phrase that when they list with NORTH AMERICAN-REALTORS® they will not be charged a 6%* listing fee. The "6%* circle-backslash symbol" in advertising is solely meant to inform the consumer that NORTH AMERICAN-REALTORS® does not charge a 6%* fee as part of the negotiating of the commission between the listing Broker and Seller. There is no minimum mandatory amount of compensation you must offer an MLS cooperating Buyer's agent as every Seller freely chooses the amount to offer. The Listing Broker is Doug Bautista who has been a member of the Sacramento Association of REALTORS® for over 28+ years and who charges the 1%* Full Service fee (save 45%** to 83%**) advertised on this website. NORTH AMERICAN-REALTORS® agents are free to negotiate/advertise whatever commission is acceptable between Seller and Agent. We support the Sherman Antitrust Act. We do not support any trade association, organization, corporation, real estate broker or real estate salesperson that attempts to Standardize or Fix Real Estate Commissions or Suppress Market Competition and any monopolization, attempted monopolization, or conspiracy or combination to monopolize. We believe that free and open markets are the foundation of a vibrant economy and aggressive competition among licensed real estate agents in an open marketplace gives consumers the benefits of lower prices (like our 1% fee), more choices (like Opting-In or Opting-Out of MLS), and greater innovation (like our brokerage).

**  Savings of 45% to 83% vs a 6% fee are approximate figures as the exact savings are 45.83333333333% (6% minus 3.25% = 2.75% divided by 6% = 45.83333333333% savings) to 83.3333333333% (6% minus 1% = 5% divided by 6% = 83.3333333333% savings)

All property details including but not limited to Age, Lot Size, Square Footage is deemed reliable but in no way is guaranteed. Listing Broker obtains information from Public Tax Roles and/or Seller and has not personally verified the information nor measured the homes square footage or lot size. Buyer shall be solely responsible for hiring experts to inspect all aspects of the property to ensure Public Tax Role or Seller provided data is accurate or acceptable.

We will continue to Promote Fair Competition preventing monopolies in the real estate business for the benefit of all consumers as lower commissions allows homeowner's to keep more of their hard earned equity. For additional information regarding Competition in Real Estate visit the Federal Trade Commission and/or the State of California Department of Justice. For additional information regarding Anti-Competitive Conduct enforcement visit the United States Department of Justice.   Consumers are the best source of information to a Possible Violation of antitrust laws. Any questions or concerns regarding anticompetitive conduct by any corporations, agents or brokers in the real estate industry can be emailed to: RealEstateCompetition@usdoj.gov and/or piu@doj.ca.gov

NORTH AMERICAN-REALTORS® is licensed by the State of California (CalBRE# 01031256) to conduct business within the State of California.   Any links on this website are provided as a convenience and for informational purposes only; they do not constitute an endorsement or an approval by NORTH AMERICAN-REALTORS® of any of the products, services or opinions of the corporation or organization or individual. As any website designer can alter the content in linked pages NORTH AMERICAN-REALTORS® bears no responsibility for the accuracy, legality, relevance, completeness or content of the external site or for that of subsequent links. Once you click on a hypertext link you are leaving this site and are under the privacy policies posted on the sites to which we link. If a link seems offensive, misleading, broken or out-of-date first use the "Looking to Sell" area to provide us with your concerns so we can view the area, delete it if its placement was unauthorized and then Contact the external site for answers to questions regarding its content. Website/Cyber intrusions are becoming more commonplace, more dangerous, and more sophisticated as both private and public sector networks, are targeted by adversaries. American companies are targeted for trade secrets, other sensitive corporate data and vandalized by fraudsters thru the adding of offensive and misleading information or statements. If while visiting this site you see anything that looks out of place, odd, offensive or misleading utilize the "Looking to Sell" area to provide us with your concerns so we can view the area, delete it if its placement was unauthorized and contact law enforcement to report the activity.

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NORTH AMERICAN-REALTORS® communications from Agent/Broker and info on this website prior to a consumer signing an AGENCY DISCLOSURE FORM and prior to signing a binding listing agreement for the sale of a home are general in nature and shall not be interpreted as any form of a binding agreement thus there are no fiduciary duties created by providing said general information.

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