The Best Miami houses, condos by Boris Gelfand
The Best Miami houses, condos by Boris Gelfand
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THIS MISTAKE will cost you a lot. Escrow Accounts Explained
Today, I want to chat about Escrow. So, what exactly is Escrow and how does it work with rentals and purchases? Let's break it down.
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First off, let's talk about rentals. If you're planning to rent a parking space or an apartment, I highly recommend using Escrow. You can ask your title company if they work with Escrow, and it might cost you around $150 to $200, but trust me, it's worth it.
Here's the deal - using Escrow can be a lifesaver if your apartment isn't ready when you're supposed to move in. Picture this: you show up for a walk-through and the place is a mess, nothing's been cleaned, and it's definitely not move-in ready. In that case, having Escrow on your side gives you the tools to fight back against the owner.
Moving in on the same day the previous tenant moves out can be a nightmare. The place might be a disaster, and you'll have a tough time getting everything sorted. But with Escrow, you have a leg to stand on. You can't be expected to move into a place that's not ready for you.
And let's not forget about those situations where the owner promises a bunch of stuff, but when you do the walk-through, nothing has been done. With Escrow, you can put your foot down and demand that the owner make good on their promises.
Now, let's talk about purchases. Escrow can also be a game-changer when it comes to buying property. It provides an added layer of protection for both the buyer and the seller. It ensures that all parties involved fulfill their obligations according to the contract.
So, whether you're renting or buying, using Escrow can save you from a world of stress and headaches. Sure, it might cost a little extra, but having that peace of mind is priceless.
Remember, when it comes to dealing with landlords or property owners, everything needs to be in writing. Verbal agreements just don't cut it. Keep all communication in emails rather than text or WhatsApp messages. This way, you have a clear record of all agreements and promises made.
And don't forget to take tons of photos of the property's condition before you move in. This will serve as evidence if any disputes arise when it's time to move out.
In conclusion, using Escrow for your rentals and purchases can save you a lot of trouble in the long run. It gives you the leverage you need to ensure that you get what you were promised and that everything goes smoothly.
If you found this information helpful, give it a thumbs up and subscribe to my channel for more useful tips on navigating the world of real estate.
I'm always here to help with any questions or concerns you may have. Thanks for tuning in, and I hope to make your real estate journey a little smoother.
How to protect yourself buying o renting real estate? What is Escrow? - Escrow Accounts Explained THIS MISTAKE will cost you a lot. Escrow Accounts Explained
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zhlédnutí 238Před 8 měsíci
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zhlédnutí 190Před 8 měsíci
Are you looking for the perfect place to call home in Aventura? Look no further than this stunning corner unit at Turnberry on the Green. This beautiful condo offers everything you could want and more, from breathtaking views to luxurious amenities. t.me/ 16464318072 wa.me/16464318072 16464318072 More Turnberry on the Green www.gelfandrealty.com/condos/turnberry-on-the-green/ More Aventura www....
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zhlédnutí 178Před 9 měsíci
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zhlédnutí 73Před 9 měsíci
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zhlédnutí 344Před 9 měsíci
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