Selling or buying a business is an exciting experience, but it can also make you feel overwhelmed. There’s a lot to consider and keep track of when handling such a large financial transaction. In order to facilitate the process, it’s important to hire a reputable commercial escrow company. Finding the right team will make the process a more enjoyable experience, so here are 4 things to consider when you’re looking for a commercial escrow company that’s right for you.
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How many years has the company been in the escrow business? Of course, if a company has stayed in business for several years, that’s a good sign. It means the commercial escrow company is more likely to be reliable and have the kind of experience you need. Generally, it’s easy to find out how much experience an escrow team has. It might even be on their website.
Learn more about the resources the company uses to complete your commercial transaction. After all, it’s their job to make things easier for you, so they should use resources like mobile technology, including digital storage, the ability to accept digital signatures, and cloud technology. These perks make the process more convenient for you, which is one of the goals. At times, it can also help if a commercial escrow company has a strong professional network.
You may need to make a few trips to the escrow office to sign papers, review documents, and verify your identity, so it’s a good idea to select an office that’s located near your home. If not, you’ll have to commute just to wrap up what would otherwise be quick errands. Additionally, a commercial escrow company is sure to be more familiar with the city where it’s located.
4) Company Fees
Not all escrow company fees are the same. For this reason, it’s also important that the commercial escrow company provides you with clear information about the fees for their service. Clarify everything in writing, so you don’t need to worry about surprise fees later on in the process.
A Commercial Escrow Company You Can Trust
A reliable escrow company is a vital aspect of most large financial transactions. If you’re looking for an escrow team in the San Ramon area, we’re available to answer your questions. Contact us at Bay Area Escrow online, or by calling (925) 831-9099.