The process of selling your home can be utterly exhausting and stressful — between pricing, listing, cleaning, showing, and so much more. But what happens next? The DiMora Team are real estate experts in the Northville and Novi neighborhoods and we know that escrow refers to a specific period of time between the offer and the close of sale in a real estate transaction. It starts after you sign the purchase agreement from a buyer, and it ends when you receive those funds at closing. For most transactions, the sale is contingent on factors specified in the contract, such as inspection, appraisal, and title search. These contingencies will have to be met before closing and that takes time. This holding pattern typically lasts between 30 and 60 days. During this time, a third-party escrow account holds the funds. Escrow comes with service fees to cover the holding of funds and transfer of documents. These costs vary from state to state, and you and the buyer will likely split the costs. Check out below to see what sold in Brooklane Ridge in August 2022:
16947 Brooklane Blvd., Northville: 4 bedrooms, 3.1 bathrooms, 3,644 sq. feet, 3 car garage, Sold Price: $695,000
Brooklane Ridge Home Sold
August 2022
Major appliances typically stay with a home after the sale. These include the kitchen appliances such as the stove, refrigerator, and dishwasher. The washing machine and dryer more frequently go with the seller; that’s on a case-by-case basis. For more information on Brooklane Ridge, or similar Northville or Novi neighborhoods such as Timber Ridge, Willowbrook Farms and Cascades of Northville, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.