In other parts of the world, including the United States, lawyers direct real estate transactions. Here in Hawaii, in addition to using a realtor, we utilize the services of a Title/Escrow company.
What is Escrow? Escrow can be described as an impartial third party that handles the closing of a real estate transaction. While remaining fair and neutral, the escrow officer acts as an intermediary between the buyer and seller ensuring contingencies are met.
After reviewing the Purchase Agreement, F-4 is labeled Escrow. Keep in mind, the Buyers get to choose the Escrow company. So, who are your choices?
To get better educated on purchasing in Hawaii, please tap on the PDF attachments below. Remember, if you are in the Kaanapali area, contact Kaanapali Kimberly for your real estate questions.