Escrow and Settlement

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.

What's Great About the U.S. Virgin Islands?


Contact Us

Secluded beaches. National Parks, Duty-Free shopping, Campgrounds, Kayaking, Hiking, Ecological tours, World-class diving, Superb sailing, Sport Fishing, Sunbathing, Local craftsmen, Island art, Fine Dining, and of course the Nightlife. Call today (340) 690-0243.

What's Great About the U.S. Virgin Islands?

Secluded beaches. National Parks, Duty-Free shopping, Campgrounds, Kayaking, Hiking, Ecological tours, World-class diving, Superb sailing, Sport Fishing, Sunbathing, Local craftsmen, Island art, Fine Dining, and of course the Nightlife.
FEATUREDLISTINGS
FEATURED LISTINGS

Search all MY LISTINGS for sale in St. Thomas
homes, condominiums and land

HOMESFORSALE
HOMES FOR SALE

Vacation home or year round residence.  You can start your search for any home for sale in St. Thomas right here

CONDOMINIUMS
CONDOMINIUMS

Looking for your perfect place in the sun?  Beachfront? Golf anyone? Search all condominiums for sale in St. Thomas here

LANDFORSALE
LAND FOR SALE

Looking for a place to build your dream home?  Waterfront?  Panoramic views?  Search all land for sale in St. Thomas here

2002-2024 Blue Water Realty All rights reserved.
Stay Connected: Facebook GooglePlus LinkedIn Pinterest Youtube