Step 4: Escrow

Once your offer is accepted, your home purchase moves into escrow—an important step in ensuring a smooth transaction!

Escrow is a neutral third-party account where key funds, such as your earnest money deposit and down payment, are securely held until all conditions of the sale are met. This process helps protect both you and the seller by ensuring no money changes hands until everything is in place.

During this time, inspections, appraisals, and final loan approvals take place. Your escrow officer will coordinate with all parties—your REALTOR®, lender, and title company—to ensure the funds are properly distributed at closing.

Once all conditions are satisfied, the escrow account is settled.

Click here for a helpful one-page guide on what to expect during the closing process.


Additional Steps:

Pre-Approval
Search & Showings
Offer & Negotiation
Inspection
Financing
Closing