Escrow Thursday: How do I Open Escrow

How do I open escrow?
Opening escrow is the first step in the closing process. Generally, to open an escrow,
the parties to a transaction deliver to an escrow company the earnest money check
and the purchase and sale agreement, which outlines the transaction and provides the
closing date, contingencies and financing details. Anyone involved in a transaction can
“open the escrow”, but generally your real estate agent will do so. In the case of a
for-sale-by-owner or FSBO, the buyer, the seller or both may open the escrow.
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