Thursday, October 15, 2009

New Law Permits Buyers to Choose

Good News! There's a new law indicating that Buyers of real estate are allowed to choose transaction service providers. This means that if you live in Gilroy and are buying real estate in Gilroy, the owner of the property does not have the right to force you to deal with title and escrow companies located somewhere else - like Sacramento, Irvine, or Merced (which is where our recent transactions have been directed).

Buyer's Choice has always been the case, but Sellers/Owners in recent years have said to buyers, "Take our service providers or we'll find a buyer who will." The real question is, with this new law, will they continue to say that?

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