Orange County Information Center - General Questions

What is “escrow” and how is “escrow opened”?

Once you have accepted a buyer’s offer (or the buyer has accepted your counteroffer), escrow can be opened. The term “escrow” refers to the process whereby ownership of your home is transferred from you to the buyer after you have exchanged the required documents and the buyer has paid you the sale price.

Escrow is “opened” when a neutral third party, usually an escrow company, is contacted and asked to handle the escrow for your home. The escrow company will facilitate the exchange of documents and money between you and the buyer. Either you or the buyer can contact the escrow company to open escrow.

When you purchase a service package from O.C. Real Estate Advisors, a licensed real estate advisor will help you select an escrow company to handle the sale of your home and open escrow.

Warmest Regards,

Peta Carley
Orange County Real Estate Advisor

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Orange County Information Center - General Questions

What is “escrow” and how is “escrow opened”?

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