The Escrow Flowchart

While all transactions are unique, the following items typically need to be accomplished during the escrow process: Review and sign disclosuressome may be provided by the buyer’s agent

A refundable deposit - usually 3% of the purchase price - is placed and held by the escrow company

Buyer’s lender prepares loan documents and collects necessary information for approval

Any inspections mandated in the offer are performed

Property appraisal completed by the lender

Title documents are signed and seller provides pay off information

Contingencies removed to meet deadlines

Final walk through to make certain that the property is in the same condition as it was when the buyer signed the contract

Escrow closes and the property transfers when all conditions have been satisfied