Escrow is a method where a neutral third party, often an escrow company, holds funds or essential documents on behalf of both the buyer and seller during a real estate transaction. It’s like a protective cocoon ensuring that everyone involved adheres to their commitments.
Whether you’re a buyer, seller, or both, the escrow process acts as a safeguard, turning the uncertainties of real estate transactions into a well-choreographed performance.
So, when you hear ‘escrow,’ think of it as the guardian angel ensuring a fair and secure journey toward homeownership.