When you’re buying or selling property, you’ll hear the word escrow mentioned often. Escrow is one of the most important safeguards in the real estate process – so what is it exactly? At LandCo Title, we believe in making every step clear, so here’s what escrow really means and why it matters.
What Is Escrow?
Escrow is the use of a neutral third party to hold funds and documents until all conditions of a real estate transaction are met. Think of it as a safe holding place that protects both the buyer and the seller.
At LandCo Title, we ensure that:
- The buyer’s funds are collected securely.
- The seller’s property documents (such as the deed) are prepared for transfer.
- Outstanding issues (like taxes or liens) are resolved before closing.
Why Is Escrow Important?
Real estate transactions involve both significant money and legal rights. Without escrow, both parties would face unnecessary risks. Escrow provides:
- Security – Funds and documents aren’t released until all conditions are satisfied.
- Neutrality – Neither buyer nor seller controls the process alone.
- Accuracy – Every detail is verified, from payoff amounts to signatures.
- Peace of Mind – Closings are smooth, secure, and transparent.
The Escrow Process in Three Steps
- Opening Escrow – After the purchase agreement is signed, escrow is opened. Earnest money is deposited, and coordination begins.
- Managing the Details – Title searches, inspections, and loan requirements are handled while escrow ensures everything is in order.
- Closing – Funds are distributed, the deed is recorded, and ownership is transferred. Keys change hands securely and confidently.
Why Choose LandCo Title for Escrow?
At LandCo Title, we’re your local partner. Guided by our values of excellence, responsibility, and honesty, we make escrow both accurate and stress-free.
When you choose us, you’re working with neighbors who care deeply about helping you achieve one of life’s biggest milestones.