UNDERSTANDING “ESCROW”

An escrow is an independent, neutral intermediary that manages the exchange of money for real property.

Whether you are the buyer, seller, lender, or borrower, you want the comfort of knowing that no funds or property will change hands until all of the instructions in the transaction have been followed and conditions met. The escrow holder, while maintaining the privacy of the consumer, must safeguard the funds and documents while they are in the possession of the escrow holder. When all conditions of the escrow transaction have been met and the parties agree, the escrow holder will disburse funds and record the documents conveying the title.

ESCROW: HOW DOES IT WORK?

Once the parties to the transaction (buyer/seller/lender and/ or borrower) have reached an agreement, the signed contract or purchase agreement, along with the buyer’s earnest money deposit, is submitted to the escrow holder. At that point, an escrow is opened. The escrow holder will now follow the mutual written instructions of the buyer and seller, maintaining a neutral stance to facilitate the successful exchange of money and property between the parties. The escrow holder will also follow the instructions of the lender in meeting their conditions.

- The processing and coordination of the flow of documents and funds

- Responding to authorized requests from parties to the transaction

THE DUTIES OF AN ESCROW HOLDER INCLUDE, BUT ARE NOT LIMITED TO:

- Ordering the title search which will indicate the record of ownership and status of the subject property

- Responding to lender’s requirements

- Preparation of a final statement for each party (often referred to as the Settlement Statement) that shows the costs and charges associated with the transaction

- Coordinate with lender on the preparation of the Closing Disclosure

- Facilitation of the signing of loan documents

- Closing of the escrow, only when all conditions are met and funds are in place in accordance with instructions

363

For Sale | Listed at $899,900

MLS # 23626248

3468 SF | 4bed | 3bath | .24 Ac

Impeccable Luxury Living

| Listed at $364,000

MLS # 22384796 Beautiful Beef Bend Rd Area

Pending | Listed at $510,000

MLS # 22610375

2178 SF | 2bed | 3bath | Bonus Room Golf Course Lakeside Condo

537

Pending | Listed at $565,000

MLS # 23210279

2347 SF | 3bed | 2bath | .14 Ac Urban Farmhouse

201

Pending | Listed at $529,000

MLS#23677412

1936 SF | 3bed | 2.5bath Corner lot with RV Parking

MLS # 21050852

2813 SF | 5bed | 3.5bath | .32 Ac Multi-Gen Home w/Wooded Views

528

Pending | Listed at $499,000

MLS # 23224129

1634 SF | 3bed | 2.5bath Dayton Home+ Studio Apartments

1135

Pending | Listed at $549,000

MLS # 23492840

1824 SF | 3bed | 2.5bath Contemporary Remodel

300

Pending | Listed at $585,000

MLS # 23146749

2,489 SF | 4bed | 2.5bath Spacious Family Home at $665,000

MLS#23323817

2489 SF | 4bed | 2.5bath Buyer Representation

2626

940

St, at $490,400

MLS#23046442

2073 SF | 3bed | 2.5bath Buyer Representation

SOLD at $410,000

MLS # 23052618

1748 SF | 3bed | 1.5bath | .14 Ac Craftsman Bungalow

Lacey Summers worked with us to buy our acreage home. It took us a while to find what we were looking for and at an acceptable price. She was extremely helpful with market insights and very patient with us viewing various properties. At the time of closing, she was instrumental in achieving the best deal possible for us and was very responsive to any questions we had. Her intuition, suggestions, and experience in this field is paramount to the successful home buying process. I would highly recommend Lacey for your future real estate choice of realtors. Thank you, Lacey, you are an awesome person”

- Vladimir and Lana

322 E Main St. Willamina, OR 97396

Office: 503-876-9004 Fax: 503-876-9115

Cell: 503-910-9261

Email: barbhofenbredl@yahoo.com

All Brokers Licensed in the State of Oregon

New Listing

and... SALE PENDING: Nice 3 bd 2 bath manufactured home with vaulted ceilings. Spacious primary bedroom with walk-in closet a full bath with tub & shower. Kitchen has appliances and oak cabinets. Laundry room located inside. Plenty of space with a deep 2 car garage.

Sheridan / $399,000: 4 bedroom 2.5 bath home, living room, family room, bonus room, kitchen, dinning room, fireplace double sided, two car garage, large lot, property out of flood plain.

Sale Pending

Sheridan 44 ACRES WITH BEAUTIFUL VIEWS: 2 build-able home sites pick one and build your dream home. Perrydale water, two wells, seasonal creek, 4 bay shop is around 50x36, manufactured home no value, old barn no value, some fencing for animals. Some apple, fir and oak trees.

Willamina / $525,000: Beautiful country setting 10 acre property with room for all your hobbies & toys. 3bed,2bath, Open floor plan, living rm, family rm, large kitchen & lots of windows to view the impressive acreage. Land is level, acreage had cattle on it. Property line extends to midcreek along east & South sides Yamhill river. Greenhouse, wood shed, wood-working shop, 2 bay outbuilding, goat stable, chicken coop

COMING SOON!

Price Reduced

Dallas $375,000: 3.15 acres with 3 bed,1 bath FIXER UPPER. GREAT INVESTMENT OPPORTUNITY. Shop #1 30’x60’, Shop#2 19’x50’. ML# 22194421

3BD/2BA MFG Home on 21 private & secluded acres, shop, barn, garden shed, fenced in garden area, pond, some fir & oak trees have been thinned but replanted last spring. Per owner property is dividable but buyer to do their own due diligence.

We are Green Spark Homes, a company that specializes in sustainable home construction, green remodeling, and energy modeling.

Our team of skilled experts employs the most recent technology and methods to design attractive houses that use less energy and have a smaller environmental footprint.

Whether you want to construct a new house, modify your existing one, or find out more about energy efficiency, we’re here to help!

What Our Clients Say...

“I have had the pleasure of using Nicole not once, not twice, but three times. Twice to sell homes and once to buy. Two words describe her service: Simply amazing. I’d recommend Nicole and Steve all day every day to anyone for their real estate needs.” -Jared K.

“Nicole went above and beyond to help find the perfect home for us. We were super happy to have this lady on our side.”

-Ashley G.

“After dealing with other realtors in the past, working with Nicole was like a breath of fresh air. Having purchased and sold through Stone Ridge Real Estate was easy and painless. Nicole brings a wealth of knowledge and information to the table during negotiations. Unlike previous experiences, she isn’t solely focused on commissions, but rather keeping your best interests first and foremost.” - Richard

H.

“Nicole and Steve were great to work with. I appreciate how well they communicated with me and explained all the steps of both buying and selling. They were on the ball, responsive, personable, dedicated, fun and easy to work with.”

- Shannon T.

Glorious custom-built home on 7.86 serene acres with breathtaking views of the valley and mountains! This grand estate, built in 2005 and freshly updated/remodeled in 2018, offers a generous 5225sf. Tastefully appointed with attention to details and quality through-out. Massive windows with soaring ceilings, exquisite hardwood floors, beautiful designer kitchen and primary on main with walls of windows and luxurious bathroom. The fully finished basement presents a theater room, a pool room with wet bar area, 3 additional bedrooms plus tons of storage. Outside is the 3-car garage with covered RV parking, tool shed, chicken coup, ¾ acre of vines, multiple fruit trees and panoramic view! Nicely set up for multi-generational living. This one-of-a-kind beauty is second to none!

An Iconic Wine Country Property

NEW PRICE! $4,495,000 | 10643 & 10645 NE Hwy 240, Yamhill Oregon 97148: An Iconic Yamhill Wine Country Home with a 2nd home on its own parcel totaling 51 acres, with beautiful vineyard and territorial views. There are 10+acres of established vineyards with ultra-premium Pinot Noir & Chardonnay from which its Domaine Verdant wines are served in top restaurants, including Michelin 3-Star restaurant, Geranium, in Copenhagen. An additional 25 acres is suitable for planting. The extended Hi-visibilty frontage of the property on Hwy 240 offers an exceptional location for a wine-tasting room in the heart of Yamhill-Carlton AVA. ML#: 22259708.

NEW PRICE! $2,495,000 | 10645 NE Hwy 240, Yamhill, Oregon: A unique opportunity to own half of an iconic Yamhill Wine Country Estate with character home. Subject to a proposed lot line adjustment to create a 24acre parcel. Proven vineyard w/ 6 acres ultra-premium Pinot Noir, 1 acre Chardonnay and 10+ acres for vineyard expansion. Beautiful territorial views and approximately 1000ft of Hi-visibility frontage on Hwy 240 offers a fantastic location for a possible tasting room in the heart of the Yamhill-Carlton AVA. ML# 22340900

JACOBSEN

DREAMS CAN STILL COME TRUE!!

Build your new home on this private small acreage with sloping pasture with tree bordered property to your own creek frontage!! Rock Creek Water available, with a standard septic and electric already to property. A few outbuildings, partially fenced with gate at approach. Paved road to property. Minutes to Spirit Mt. Casino, and on the way to the beach! Buyers to do due diligence. MLS# 21104325 $185,000

SALE PENDING! 362 Garfield St., Woodburn: Investment Opportunity! Turn this into your next rental or revitalize & restore its original charm! This 1901 farmhouse sits on large .20 corner lot 2,486 SqFt, 5bd/1ba,potential 6th bdrm,living & dining rm w/original crown mold window/door trim, high ceilings, front entry foyer/mudrm, vinyl windows, original front decorative windows. Storage/mudroom addition off back of home, ample parking. Needs TLC-Cash only. ML 22543073 $249,900

NEW LISTING! 487 NE Buena Vista St. Hillsboro: One owner, single level home built in 1976. Featuring3BD/2BA, 1,530 square feet & oversized 2 car garage. Open floor plan w/high vaulted ceilings in LR & lots of natural light. Master BD w/walk-in shower & sliding glass door that leads to large deck and fenced back yard. Large lot with .23 acres backs up to green space with seasonal creek. Perfect for the entertainer and garden enthusiast! Backyard requires minimal maintenance, with no grass, large deck w/motorized retractable awning, walking paths and flower beds. Nestled in a quiet neighborhood, this home is perfect for anyone looking to downsize or buy their first home and build sweat equity. Don’t miss this unique home, that has something to offer any buyer! ML 23629319 $505,000

THINKING OF BUYING OR SELLING? Our combined experience of over 30 years in selling real estate makes our team the go-to choice for residential home sales and negotiations. With an extensive background in rural properties we specialize in the marketing and purchasing of homes on acreage, hobby farms and bare land. Our team is available in Yamhill, Washington, Clackamas, Linn, Polk and Marion County!

WE HAVE BUYERS LOOKING FOR: SINGLE FAMILY HOMES, BARE LAND & VINEYARDS! CALL