How long does the escrow process last?
The length of escrow is determined by the terms of the purchase contract. It can range from a few days to several months, but typically is anywhere from 30-60 days. During the time that funds and documents are in escrow, activities required to successfully complete the transaction are being completed. For instance, the buyer secures financing to make the purchase, a title search is completed, a home inspection is conducted, as well as any other tasks that either the buyer or seller must complete before the transaction can progress. When all the escrow instructions have been carried out, all contract terms and conditions met, and all funds collected, closing of the escrow can take place. The closing signifies the release of the home purchase funds to the seller and the legal transfer of the property title from seller to buyer. Documents such as the deed are recorded and any final documentation is forwarded to the appropriate parties. Escrow is successfully closed and your real estate de
