Residential Purchase & Sale Escrow
Haven Escrow acts as a neutral third party to ensure all terms of your residential purchase agreement are met, providing a secure and transparent process for a smooth closing.
Open EscrowWho This Service Is For
Security Notice
To protect yourself from wire fraud, always confirm wiring instructions by phone with your escrow officer using a trusted phone number before sending any funds. We will never email changes to our wiring instructions.
What We Handle During Residential Escrow
Our team ensures every step is handled with precision and care, keeping all parties informed throughout the process.
What You May Need to Provide
To ensure a smooth escrow process, we will need the following items from the relevant parties:
Your escrow officer will confirm exactly what is needed for your specific transaction once escrow is opened.
Typical Residential Escrow Timeline
Escrow is Opened
The signed purchase agreement is delivered to the escrow company, and the buyer's initial deposit is made.
Instructions & Documentation
We prepare escrow instructions and gather all necessary documents from buyers, sellers, and lenders.
Contingency & Condition Tracking
We monitor timelines for inspections, loan approval, and other contingencies outlined in the agreement.
Final Review & Funding
Loan documents are signed, the lender funds the loan, and the buyer deposits remaining closing funds.
Closing & Disbursement
The new deed is recorded with the county, and funds are disbursed to the seller and other parties.
*Important Disclaimer: This is a general timeline. Each transaction is unique, and timelines can vary based on the specific terms of the purchase agreement and the parties involved.
Common Questions About Residential Escrow
How long does residential escrow typically take?
Most residential escrow transactions close in 30 to 45 days, depending on financing, inspections, and other factors. Cash transactions may close faster.
Who pays the escrow fees?
This is typically determined by the purchase agreement and local custom. In California, it's common for buyers and sellers to each pay their own escrow fees.
What happens if we need to close early or late?
Early closing requires all parties to be ready and all conditions met. Late closing may require an extension agreed to by all parties.
How are my funds kept secure during escrow?
Funds are held in a trust account at a federally insured financial institution, separate from the escrow company's operating funds. Always verify wiring instructions by phone.
Why Work With Haven Escrow
Choosing the right escrow partner is crucial for a successful real estate transaction. We provide:
Clear Communication
We keep you and your agent informed at every milestone.
Structured Process
Our experienced team follows a meticulous process to prevent delays.
Attention to Detail
We review every document to ensure accuracy and compliance.
Professional Coordination
We act as a reliable central point of contact for all parties involved.
Secure Handling
Your funds and personal information are protected by industry-leading security measures.
Ready to open residential escrow?
Let our expert team guide you through a secure and efficient closing process. Get started today or contact us with any questions.