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Caroline Choi's Blog

By Caroline Choi | Broker in 90017

What is Escrow?

For those of us in real estate, we throw around a lot of terms, and sometimes, those terms may not be clear to people who have not been through the escrow or home buying or selling process, such as first time buyers. Keep in mind that other states may use attorneys to close their transactions, but here in California, we use escrow holders.

Escrow is essentially a term we use to say "we're in the process of making this deal happen", and also referred to as the actual third party who handles the transaction from seller to buyer. Here's a list of some of the items escrow handles on behalf of the parties involved:

Happy Buying and Selling!

Caroline Choi Real Estate
Caroline Sells The City LA
www.CarolineSellsTheCity.com

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