Buying a home and a little confused about escrow? You're not alone. In this video, Katherine Brough with Seven Gables Real Estate breaks down what escrow is, how it works during a home purchase, and what to expect from the accepted offer to the day you get the keys.
Topics covered
- What escrow is for. A neutral third party holds the money and documents so both the buyer and the seller are protected until every condition of the sale is met.
- The steps in order. Earnest money, inspections, the appraisal, loan processing, and the rest of what happens between offer and closing.
- What delays escrow. The common issues that push a closing date back, and how to avoid them.
- Closing with confidence. How to get through escrow smoothly and close on the home.
This is Katherine's introduction to escrow for first-time buyers. For a step-by-step walk through the California process, including contingency removal and the final walkthrough, see what to expect during escrow in California.
If you're buying your first home in Orange County and have questions about escrow, reach out — Katherine is happy to walk you through it.
Source: the topics above are the ones listed in the video description. General educational information, not legal or lending advice; escrow timelines and requirements vary by transaction.