Frequently Asked Questions

Escrow is a neutral process where a third party (the escrow holder) manages the funds, documents, and instructions involved in a real estate transaction until all conditions are met and the sale is finalized.

The typical escrow period is 30 to 45 days, but it can vary depending on financing, inspections, and contract terms.

Escrow opens once the buyer and seller sign a purchase agreement and the buyer deposits earnest money with the escrow company.

This is negotiable. In many cases, the seller’s agent selects the escrow holder, but both parties must agree.

These are written instructions signed by all parties, outlining exactly how the escrow should be handled — including terms, conditions, and timelines.

Closing costs include fees for escrow services, title insurance, recording, and more. Responsibility for payment is negotiated in the contract, but both buyer and seller typically have some costs.

Yes, but only under specific circumstances — such as if contingencies aren’t met. Canceling outside of those terms could result in forfeiting your deposit.

Absolutely. Escrow funds are held in a secure trust account and released only according to the signed instructions from all parties.

All documents are signed and funds are distributed. Once the deed is recorded with the county, the transaction is complete and the buyer officially owns the property.

Always verify wire instructions by phone, never trust last-minute changes via email, and contact your escrow officer if anything seems suspicious.