Closing Agent
Am I bound to choose a title agent when listing my property on Houzeo?
No, you are not required to choose a title or settlement agent at the time of listing your property on Houzeo. Houzeo is a limited-service MLS platform that helps you list your property on the local MLS through a licensed listing agent. The selection ...
Where does the Buyer send their Earnest Money Deposit?
The Buyer should not send their Earnest Money Deposit directly to the Seller. Instead, the deposit is entrusted to a neutral third party, specifically an escrow account This account acts as a haven for the funds, ensuring both the Buyer and Seller ...
The closing agent wants to contact LA regarding the closing fee but cannot do so.
While Houzeo's limited service model generally minimizes agent involvement, it's important to note that this can vary depending on the chosen plan. For Gold and Platinum plans, agent involvement may be more significant. Communicating with Your ...
Can I choose my own Settlement Agent?
Absolutely! You have the freedom to choose your settlement agent. While Houzeo provides a recommendation, you're welcome to select an agent of your choice. Simply follow these steps to select your preferred agent: Click on "+ Add My Closing/Escrow ...
I want to remove/opt out Settlement Agent.
Houzeo connects you with a settlement agent who can help you with your closing process. However, you are not obligated to use their services and you can opt-out of the assigned settlement/escrow/title/closing agent. Follow the below steps to remove ...
Do I have to use (obligated to use) Houzeo's Settlement agent?
You can add your own title agent. The title agent provided by Houzeo is not mandatory. You have the flexibility to choose a different title agent of your preference. Once you complete the 7th step of the listing process, which is updating the ...
Why does seller has to select a closing agent?
While Houzeo empowers For Sale By Owner (FSBO) sellers with a powerful online platform, it's important to understand that choosing a closing agent is not included in their service. Let's explore why selecting a closing agent is crucial for a smooth ...
What is closing agent and what do they get paid?
What is a Closing Agent: A closing agent, also known as a closing coordinator or settlement agent, is a person or entity responsible for facilitating the final steps of a real estate transaction. Their primary role is to ensure that all necessary ...
Does Houzeo Offer Closing Services?
Houzeo is a prop-tech platform that connects home sellers with key professionals involved in real estate transactions, including Listing Agents, Escrow Agents, Transaction Coordinators, Closing Agents or Attorneys, Lenders, and Appraisers. Although ...
How do I complete the accepted contract form without a settlement agent?
To finalize the accepted contract form without a designated settlement agent, kindly communicate with the buyer's agent. Confirm with them whether a settlement agent has been determined. If no settlement agent has been decided, you can indicate "TBD" ...
How do I communicate with the settlement agent provided by you?
To get in touch with the settlement agent assigned to you, simply navigate to the "My Team" section on the Houzeo Dashboard. There, you will find the contact details of your designated settlement agent. You can reach out to them via phone or email to ...
What is a closing & and when does the closing process start?
A real estate closing is the final step in the real estate buying and selling process. Once an offer on a property is officially accepted by the seller, a purchase agreement is made, and a closing date is set. Upon closing, the property ownership is ...
Who is a Closing/Settlement Agent?
A Closing/Settlement Agent in U.S. real estate is a neutral third-party professional responsible for facilitating the closing process of a real estate transaction. Their primary role is to ensure that all the necessary steps are completed properly ...
What are some examples of charges included in closing?
Closing costs are various fees and expenses that buyers and sellers incur when completing a real estate transaction. These costs can vary widely based on the property location, the type of property, and the specifics of the transaction. Here are some ...
During the closing process, is the Escrow Agent the same as the Title agent?
No, the Escrow Agent and Title Agent have distinct roles in the closing process of a real estate transaction. Escrow Agent: The Escrow Agent is a neutral third party responsible for holding and managing funds, documents, and other assets involved in ...
Who is an Escrow agent?
An escrow agent acts as a neutral middleman in a transaction, ensuring both the buyer and seller fulfill their obligations. In deals like purchasing a home, business, or valuable asset, an escrow agent provides a secure way to manage the exchange. ...
I want to use my own Closing Company for closing. How do I switch from what was given?
Houzeo provides its home sellers an option to work with top title companies in the nation, however, sellers are not obligated to use the services of the title company/agent provided by Houzeo. The sellers are free to work with their local title ...