There are distinct types of escrow involved depending on what kind of property is being transferred in the transaction. Whereas residential escrow pertains to transactions that involve property strictly designated as residential in type and function, commercial escrow is for non-residential properties such as office buildings, retail properties, and the like. Worth noting is the fact that commercial real estate escrow usually requires more time and effort to successfully manage than home escrow does.
With so many moving pieces and requirements involved throughout, it is important to work with skilled and experienced escrow officers like those here at Inspire Escrow Services that know how to get the job done right. Offering unmatched customer service and effective-yet-affordable escrow services, Inspire has become a leading commercial escrow company in Covina, California and across the Inland Empire.
The beginning stages of the process are where the two parties (buyer and seller) and their representatives define the specific terms of the commercial escrow agreement which both are obligated to adhere to. This is an absolutely critical phase as it sets the groundwork for everything that must be completed and accomplished before the transaction can be concluded. As professional escrow agents, we are here to make certain that the transactional funds are kept inaccessible by buyer or seller until the time at which all requirements of the aforementioned escrow agreement have been fully satisfied.