Get Advice

Request your FREE
Current Market Analysis,
Buyer's Checklist,
or Seller's Checklist!

(Select all that apply)

Current Market Analysis
Buyer's Checklist
Seller's Checklist

Escrow

Although it’s not the most talked about aspect of buying a home, escrow is nonetheless a vital component of a successful transaction.
Escrow is an arrangement in which a neutral third party holds onto funds and key documents involved in a home sale, and then distributes them according to the agreement between the buyers and sellers. The escrow period begins when a seller accepts a buyer’s offer, and ends at the closing table.
Purchasing a house isn’t like buying shoes; there’s a lot of money involved, a lot of steps to manage, and a lot at stake. So the buyers and sellers don’t exchange money and documents directly with one another. They do it through the escrow account.
Escrow ensures accountability. Buyers want to be sure all contingencies are met (inspection, title report, secured mortgage, etc.) before the sellers cash any checks. Sellers want to make sure they receive funds before they hand over the deed.

Lori Reeve-Repella Resident Realty Southwest

Lori Reeve-Repella
Resident Realty Southwest

Address
Corporate Office
4707 Harlan Street #103
Denver, CO 80212
Office