OFFER ACCEPTED!
Great news! Your home will now go into escrow.
An escrow company is a neutral third party that holds all documents, funds (earnest money, etc.) and escrow instructions from sellers and buyers from the beginning to the end of the process. They facilitate the request, delivery and signing of various documents. Escrow is the communication link between all parties. They work with the sellers, buyers, real estate agents, lender, title and other groups and ultimately are crucial in a successful real estate transaction.
Now the work really begins!
