9. Read Everything Thoroughly and Sign Everything ASAP
There are a few reasons why you should look through everything as soon as possible. First, you want to make sure you understand everything in the escrow process. Then make sure to ask about anything that doesn’t make sense.
Second, you want to read them while the details are still fresh on your mind. There will be plenty of services that you pay for. If you don’t even remember ordering those services, then it’ll just take you longer to untangle all the complexity.
Third, escrows are delayed all the time. It’s often the result of procrastination and people not getting their act together on time. Unfortunately, most of the time it’s the buyer’s side that causes the delay because of funding issues. If you get into a habit of looking over everything first thing, you reduce the chances that you are the cause of any holdup.
8. Learn How to Use DocuSign
These days, I will honestly refuse to work with an agent who still doesn’t use DocuSign. One of the tiny benefits of the pandemic is that many industries finally realized more things can be done electronically, including obtaining legally binding signatures. When I bought my very first house, I remember having to sign over 100 pages of documents at the escrow office. I didn’t even really have a chance to read everything over. I just had to trust that no one was trying to scam me in any way.
Sure, I could stop everything and requested time to read the documents thoroughly before I signed. However, it would have been a massive to delay to everyone’s schedule. I also could have delayed the closing of escrow too, to take the properly vet the paperwork. Again, though, I didn’t want to be the one causing any holdups. Luckily, nothing bad happened in this case. These days, though, getting electronic copies to sign means having more time to read before you sign. It’s not like you’re limited to a one-hour meeting window in someone’s office.
The Docusign process is really easy for technology literate people. Even if you’re not great with computers, it’s easy to sign up and learn quickly. Just be careful to not blindly click all the “sign here” buttons too fast. They are still legally binding documents, so make sure you read them first. Finally, you could download a copy of everything you sign. Docusign (or similar electronic signing platforms) will probably email you a copy too. You can find a record of everything you ever signed in your online account, too. Even still, you should save a copy to your own hard drive (and even consider printing a paper copy for your filing cabinet or safe).