|
For
example,
you
are
going
to
need
an
escrow
or
settlement
company
to
act
as
an
"independent
third
party"
between
you
and
the
seller.
Without
having
a
third
party
involved,
how
do
you
know
that
when
you
fork
over
the
money,
you
are
going
to
get
the
deed?
This
is
the
type
of
service
provided
by
escrow
and
settlement.
They
will
hold
your
deposit
and
coordinate
much
of
the
activity
that
goes
on
during
the
escrow
period.
Since
this
third
party
is
very
important
to
both
you
and
the
seller
and
both
of
you
will
pay
fees
to
this
company,
it
is
important
to
agree
on
which
service
to
use.
Therefore,
your
choice
should
be
part
of
the
offer.
Since
you
do
not
buy
a
home
every
other
week
or
so,
you
are
probably
unfamiliar
with
companies
that
provide
this
service.
Your
agent
will
make
a
recommendation.
You
have
the
authority
to
accept
this
recommendation
and
include
it
in
your
offer,
or
make
your
own
choice.
Keep
in
mind
that
the
seller
will
also
have
a
preference
and
this
may
be
a
point
of
negotiation
in
a
counter-offer.
It
has
become
customary
that
one
side
will
choose
the
escrow/settlement
agent
and
one
side
chooses
the
title
insurance
company.
Even
so,
everything
in
real
estate
is
negotiable. |
