EXR Offers Full-Service Escrow Services
- Protecting Buyer’s & Seller’s financial interests, with funds held in a Secure Escrow Account until all the i’s are dotted and t’s are crossed
- Winning Bidder will be notified via email and/or text that they have won the Listing.
- Buyers Premium (if Seller selected Buyers Premium or Split Premium for Sales Premium Option) will be charged to the credit card on file of Winning Bidder immediately at the close of the Auction or accepted Offer by Seller.
- Sellers Premium (if Seller selected Sellers Premium or Split Premium for Sales Premium Option) will be charged to the credit card on file of Seller immediately at the close of the Auction or accepted Offer by Seller.
- EXR will email and/or text winning Bidder payment instructions.
- Winning Bidder is responsible to fund the Listing purchase In Full within Seven (7) Business Days of notification of Winning Bidder status or upon completion of all purchase prerequisites (or other agreed upon time-frame, as agreed between Buyer, Seller and EXR).
- Buyer Purchase Funds will be held in the Listing Escrow Account until all purchase prerequisites have been met.
- Buyer Purchase Funds will not be released to Seller until:
- PPI (if requested and not yet provided) is complete and approved by Buyer
- Buyer or Buyer’s Agent has completed the In-Person Inspection to Buyer’s satisfaction (If Buyer has requested and Seller has agreed to, an In-Person Inspection by Buyer or Buyer’s Agent of the Listing prior to consummation of the sale)
- Seller provides proof of all required Listing ownership documentation (i.e. vehicle title, MSO, etc.)
- Seller provides proof of payoff if Listing is currently financed
- All pre-purchase DMV/Titling/Registration requirements are complete (If EXR DMV/Title/Registration Services are utilized)
- Buyer Purchase Funds due Seller will be released to Seller prior to Seller releasing Listing to Buyer or Buyer’s Agent.
- Facilitation Services are normally available via the Member’s EXR Dashboard.
- Please contact [email protected] for more information, or with any questions you may have regarding any of our Facilitation Services.
