Condominium Escrow
Condominium Escrow Services
Condominiums are often governed by Covenants, Conditions, and Restrictions (CC&Rs), Home Owners Associations (HOAs), and Bylaws. Because of these details, buying or selling a condo requires specialized knowledge that goes beyond standard residential transactions. That’s why you need an escrow company with a proven track record in condominium escrows.
CONDOMINIUMS – COMPLEX TRANSACTIONS
At New Era Escrow, our skilled team of trained and licensed escrow officers excel at managing your condominium escrow process. We’re committed to having a smooth and accurate closure by ensuring that all necessary requirements are met.
To make this happen, we coordinate with all involved third parties—like management companies, HOAs, financial institutions, and both buyers and sellers. Our goal is to meet legal standards and follow escrow instructions carefully. Whether it’s distributing the HOA’s CC&Rs to new owners or informing them about additional communal expenses, we’ve got you covered. Count on New Era Escrow for the experience, accountability, and reliability you need to complete your condominium transaction successfully.
New Era Escrow handles all aspects of your commercial real estate transaction from start to finish.
Common Areas in Condos
One of the key differences between buying a condominium and a single-family home is that in a condo purchase, you’re essentially acquiring the space within the walls, rather than the entire structure. This leads to shared walls, roofs, garages, basements, and communal outdoor areas. These shared spaces are governed by rules and regulations aimed at maintaining the peace among residents.
When buying or selling a condo, it’s important to understand the specifics of these communal spaces to prevent any disputes before, during, or after the transaction. Both buyers and sellers must adhere to the site’s CC&Rs and the HOA’s Bylaws.
At New Era Escrow, our agents specialize in the complexities of condo transactions and know which details to pay attention to.
Condo Property Taxes and Utilities
Another thing to consider in condominium transactions is when certain property taxes and utility expenses fall under communal responsibilities.
At New Era Escrow, we work diligently to clarify these matters, ensuring your transaction is completed smoothly and on schedule. Trust our decades of industry-leading experience to manage your condo escrow effectively.
Begin Your Escrow Process Today
For more details on how we can support a smooth condo transaction, reach out to our team. Alternatively, you can use our advanced online escrow service to start the process from the convenience of your own home or office.