Managing the Escrow

When the purchase agreement is accepted and signed by all parties, your REALTOR® will open escrow for you and your earnest money will be deposited. The escrow is neutral third party that will receive, hold, and distribute all funds associated with your transaction.

Prior to closing escrow, all of the contingencies of the Purchase Agreement must be met. Your REALTOR® will coordinate this process. Typical contingencies include:

• Approval of the seller's transfer disclosure statement.
• Approval of the preliminary title support.
• Loan approval, including an appraisal of the property.
• Physical inspection of the property.
• Pest inspection and certification.
• Acquisition of homeowner's insurance.