Learning about holdings begins when a real estate contract is signed by both parties and written instructions are sent to the holding professional. This is the process by which parties finance or transfer real estate documents, funds, and other items of value through a neutral third-party (the holding company). The holding professional is granted the authority to receive, safeguard, disburse funds and documents, and oversee the transaction based on specific instructions from both parties. Only once all conditions of the contract and written instructions are met will documents and funds change hands.

If you are planning to buy, sell, borrow, or lend, you will probably need to open holding. Of course, if you are buying a loaf of bread or anything else where you can walk up to the seller with payment in hand and walk away with your purchase, holdings are not needed. But when the item in question cannot be handed over, holdings make sure that all the required paperwork, deeds of trust, and all other details are taken care of. Whether your transaction is for a starter home or multi-unit commercial rental property, and whether it is a short sale, REO, probate sale, refinance, or any regular sale, holdings are needed to process the transaction and coordinate all the details. This is basically all about holdings. For most people, buying or selling a home is the largest financial transaction they will ever enter into. Because real estate transactions involve a great deal of money and documentation — and sometimes complex legal situations — holdings can become complicated and it do not always follow a straightforward path. This is why it is essential to work with holding professionals like AES Global Holdings Colorado, who have an in-depth understanding of the industry to avoid delays or legal complications.

Both the buyer and seller must agree upon a holding company. Once they have agreed on that, a contract or purchase agreement is signed by both parties and delivered to the holding company, along with instructions that give the holding company any other information and details that need to be met before finalizing the transaction. It then becomes the job of the holding professional handling the case, and his or her company, to ensure that all the requirements of the agreement and the instructions are met. Verifications to and from banks regarding all necessary loans and payment options, proof of completion of work for any items that need to be addressed, and any other requirements are verified and documented by the holding company.