This is where a real estate transaction begins and ends...
The "tripod" you're about to learn is the process every home buyer or seller goes through on a successful transaction.
It’s how shoppers become homeowners, how listings go from pending to sold and, if done right, how you'll fall in love with owning real estate.
The hard truth is, that when it comes to buying or selling a home, there’s a lot to understand before you can be confident in your decision making.
The good news is, once you understand these basics, you'll know the foundational parts of all real estate transactions so you can smoothly navigate your next move.
You see, the real estate transaction is a sacred and fragile thing that will require you to work with four distinct professionals.
While you don’t necessarily need all four to buy or sell a home, almost every traditional purchase will require help from each and we like to think of them as a "tripod."
The legs of this tripod are the Real Estate Agent, Mortgage Broker, and Title Officer. These legs all support the Escrow Company which sits atop the tripod.
It’s important to understand how these different players interact with you and each other during the sale so that you can have a complete understanding of what it takes to close a sale.
Now, instead of supporting a camera, the legs of this tripod support the escrow company to ensure the sale goes through.
You see, escrow depends on the Real Estate Agent, Mortgage Broker, and Title Officer to get their deliverables in on time and ensure all terms of the contract have been met.
If any individual leg to this tripod falls short on their responsibilities, your transaction could be at risk of not closing.
And, when the stakes are as high as they are are in real estate, who you work with truly matters.
But, don't worry, all you really need to worry about is hiring the right real estate agent. This is because top agents will already have relationships with the best Mortgage Brokers, Title Companies, and Escrow Agents in town.
In fact, our founder, Tim Mangold, is a part-owner in NexTitle, one of the most competitive title companies in our region.
Furthermore, as Keller Williams agents, our clients get exclusive access to Keller Mortgage, which offers amazing service and the most competitive loan fees and rates available in the market today.
As for escrow, we like knowing that attorneys with over 120 years of combined experience are the ones handling our closings. This is why our escrow company of choice is Galvin Realty Law Group.
It's through partnerships like these that we're not only able to offer our clients the best service but also the best rates in the industry.
