Escrow is the neutral “holding period” between offer acceptance and closing. Here’s what happens during that time:

1. Escrow is opened – Buyer deposits earnest money

2. Title search is conducted – To confirm clean ownership

3. Inspections & appraisals happen – To verify condition and value

4. Loan processing continues – Buyer finalizes financing

5. Contingencies are cleared – Like inspection or financing

6. Closing documents are prepared – For buyer and seller

7. Funds and documents are reviewed – And held securely in escrow

8. Signing day – Both parties sign all required documents

9. Recording & keys – Once funds are released and title is recorded, it’s officially closed!

Escrow protects both parties and ensures everything is done properly before ownership changes hands.