Demystifying Closing in Escrow: Insights from a Real Estate Attorney

Welcome back to GoGaddis Real Estate Radio, your trusted source for expert insights and guidance in the world of real estate. In today's episode, we're joined by special guest Joe O'Kelly, Managing Partner at O'Kelley & Sorohan, Attorneys at Law, LLC, to unravel the complexities of closing in escrow and address common concerns faced by buyers and sellers. From understanding the implications of escrow closings to navigating unforeseen challenges such as uncollected prior year taxes, we'll equip you with the knowledge you need to make informed decisions and protect your interests throughout the real estate transaction process. Segment Introduction: Join us as we delve into the intricacies of closing in escrow, exploring its implications for both buyers and sellers, and uncovering practical strategies for addressing potential hurdles along the way. Expert Advisor Introduction: We're honored to welcome Joe O'Kelly, an esteemed expert in real estate law, who will share invaluable insights and guidance on navigating the complexities of closing in escrow. Understanding Closing in Escrow: Gain a comprehensive understanding of what closing in escrow entails, including the key parties involved, the documents required, and the legal framework governing the process. Pros and Cons of Escrow Closings: Explore the advantages and disadvantages of closing in escrow, empowering sellers to make informed decisions about whether to proceed with this option or extend the contract. Addressing Unforeseen Challenges: Learn how to effectively handle unforeseen challenges such as receiving prior year tax bills that were not fully collected at closing, ensuring that your interests are protected and the transaction proceeds smoothly. Listener Question: Stay tuned as we address a listener question about the implications of closing in escrow and provide expert guidance on navigating this aspect of the real estate transaction process. Closing Segment: As we wrap up today's episode, don't forget to explore the process of filing your Homestead Exemption to maximize your property tax savings. Visit our website for step-by-step guidance tailored to your county's requirements. Thank you for joining us on GoGaddis Real Estate Radio! Be sure to subscribe to our podcast for more valuable insights, tips, and expert interviews to empower you on your real estate journey. Until next time, happy listening and happy home buying/selling! Host of GoGaddis Radio, Cleve Gaddis, has been a fixture in metro Atlanta real estate since 2000. He has served Atlanta since 1987 by helping thousands of buyers and sellers make smart decisions. As a Co-Team Leader of Modern Traditions Realty Group, he is able to help clients and real estate agents alike. He has the heart of a teacher and is passionate about helping listeners learn the ups and downs and the ins and outs of smart home buying and selling all throughout metro Atlanta. If you have a question for Cleve, click here : https://gogaddisradio.com/ask-a-question If you are looking to buy or sell your home with Cleve, click here : https://moderntraditionsrealty.net/contact If you are looking to join a real estate team, click here : https://moderntraditionsrealty.net/career-opportunity If you bought a home last year, don’t forget to file your Homestead Exemption! https://moderntraditionsrealty.net/homestead-exemption