{"id":198978,"date":"2025-02-28T11:44:08","date_gmt":"2025-02-28T11:44:08","guid":{"rendered":"https:\/\/namso-gen.co\/blog\/when-does-escrow-period-start\/"},"modified":"2025-02-28T11:44:08","modified_gmt":"2025-02-28T11:44:08","slug":"when-does-escrow-period-start","status":"publish","type":"post","link":"https:\/\/namso-gen.co\/blog\/when-does-escrow-period-start\/","title":{"rendered":"When does escrow period start?"},"content":{"rendered":"<p>Escrow is a crucial part of the real estate transaction process that provides security for both buyers and sellers. But when exactly does the escrow period begin? The escrow period typically starts once the seller accepts the buyer&#8217;s offer and both parties sign the purchase agreement. This is when the earnest money deposit is made and the escrow account is opened.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_62 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/namso-gen.co\/blog\/when-does-escrow-period-start\/#What_is_an_Escrow_Period\" title=\"What is an Escrow Period?\">What is an Escrow Period?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/namso-gen.co\/blog\/when-does-escrow-period-start\/#Why_is_an_Escrow_Period_Important\" title=\"Why is an Escrow Period Important?\">Why is an Escrow Period Important?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/namso-gen.co\/blog\/when-does-escrow-period-start\/#Can_the_Escrow_Period_Be_Extended\" title=\"Can the Escrow Period Be Extended?\">Can the Escrow Period Be Extended?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/namso-gen.co\/blog\/when-does-escrow-period-start\/#What_Happens_if_the_Escrow_Period_Expires\" title=\"What Happens if the Escrow Period Expires?\">What Happens if the Escrow Period Expires?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/namso-gen.co\/blog\/when-does-escrow-period-start\/#Who_Manages_the_Escrow_Period\" title=\"Who Manages the Escrow Period?\">Who Manages the Escrow Period?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/namso-gen.co\/blog\/when-does-escrow-period-start\/#What_Documents_are_Involved_in_the_Escrow_Process\" title=\"What Documents are Involved in the Escrow Process?\">What Documents are Involved in the Escrow Process?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/namso-gen.co\/blog\/when-does-escrow-period-start\/#How_Long_Does_an_Escrow_Period_Typically_Last\" title=\"How Long Does an Escrow Period Typically Last?\">How Long Does an Escrow Period Typically Last?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/namso-gen.co\/blog\/when-does-escrow-period-start\/#What_Happens_to_Earnest_Money_During_the_Escrow_Period\" title=\"What Happens to Earnest Money During the Escrow Period?\">What Happens to Earnest Money During the Escrow Period?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/namso-gen.co\/blog\/when-does-escrow-period-start\/#Can_Contingencies_Affect_the_Length_of_the_Escrow_Period\" title=\"Can Contingencies Affect the Length of the Escrow Period?\">Can Contingencies Affect the Length of the Escrow Period?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/namso-gen.co\/blog\/when-does-escrow-period-start\/#When_Does_the_Buyer_Get_Possession_of_the_Property\" title=\"When Does the Buyer Get Possession of the Property?\">When Does the Buyer Get Possession of the Property?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/namso-gen.co\/blog\/when-does-escrow-period-start\/#What_Happens_to_the_Earnest_Money_if_the_Sale_Falls_Through\" title=\"What Happens to the Earnest Money if the Sale Falls Through?\">What Happens to the Earnest Money if the Sale Falls Through?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/namso-gen.co\/blog\/when-does-escrow-period-start\/#How_Can_Buyers_and_Sellers_Protect_Themselves_During_the_Escrow_Period\" title=\"How Can Buyers and Sellers Protect Themselves During the Escrow Period?\">How Can Buyers and Sellers Protect Themselves During the Escrow Period?<\/a><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"What_is_an_Escrow_Period\"><\/span>What is an Escrow Period?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nAn escrow period is the timeframe between the acceptance of an offer on a property and the closing of the sale. During this time, the buyer&#8217;s earnest money deposit is held by a third-party escrow provider.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_is_an_Escrow_Period_Important\"><\/span>Why is an Escrow Period Important?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nAn escrow period is important because it provides a safe and neutral space for the buyer and seller to complete the real estate transaction. It helps ensure that both parties fulfill their obligations and that the sale goes smoothly.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Can_the_Escrow_Period_Be_Extended\"><\/span>Can the Escrow Period Be Extended?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nYes, the escrow period can be extended if both parties agree to it. This can happen for a variety of reasons, such as delays in financing approval or unexpected repairs needed on the property.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_Happens_if_the_Escrow_Period_Expires\"><\/span>What Happens if the Escrow Period Expires?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nIf the escrow period expires without the sale closing, either party can request an extension or cancel the transaction. In some cases, a new purchase agreement may need to be drafted.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Who_Manages_the_Escrow_Period\"><\/span>Who Manages the Escrow Period?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nThe escrow period is typically managed by a neutral third-party escrow agent, such as a title company or escrow company. They oversee the transfer of funds and documents between the buyer and seller.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_Documents_are_Involved_in_the_Escrow_Process\"><\/span>What Documents are Involved in the Escrow Process?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nDuring the escrow period, various documents are exchanged, including the purchase agreement, title reports, financing documents, and any required disclosures. These documents help ensure that the sale is legally sound and transparent.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_Long_Does_an_Escrow_Period_Typically_Last\"><\/span>How Long Does an Escrow Period Typically Last?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nThe length of the escrow period can vary depending on the terms of the purchase agreement and any contingencies that need to be met. On average, an escrow period lasts between 30 to 45 days.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_Happens_to_Earnest_Money_During_the_Escrow_Period\"><\/span>What Happens to Earnest Money During the Escrow Period?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nDuring the escrow period, the buyer&#8217;s earnest money deposit is held in an escrow account by the third-party escrow agent. It will be applied towards the buyer&#8217;s down payment or closing costs at the time of closing.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Can_Contingencies_Affect_the_Length_of_the_Escrow_Period\"><\/span>Can Contingencies Affect the Length of the Escrow Period?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nYes, contingencies, such as a home inspection or financing approval, can impact the length of the escrow period. If issues arise during these inspections or approvals, it may extend the escrow period.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"When_Does_the_Buyer_Get_Possession_of_the_Property\"><\/span>When Does the Buyer Get Possession of the Property?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nThe buyer typically takes possession of the property on the day of closing, once all paperwork has been signed, funds have been transferred, and the sale is officially recorded.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_Happens_to_the_Earnest_Money_if_the_Sale_Falls_Through\"><\/span>What Happens to the Earnest Money if the Sale Falls Through?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nIf the sale falls through due to issues that the buyer or seller cannot resolve, the earnest money deposit may be returned to the buyer. However, if the buyer backs out for reasons not covered in the purchase agreement, the seller may be entitled to keep the earnest money.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_Can_Buyers_and_Sellers_Protect_Themselves_During_the_Escrow_Period\"><\/span>How Can Buyers and Sellers Protect Themselves During the Escrow Period?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nBuyers and sellers can protect themselves during the escrow period by carefully reviewing all documents, meeting deadlines, and communicating openly with each other and the escrow agent. It&#8217;s also important to work with a reputable real estate agent or attorney to navigate the process smoothly.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Escrow is a crucial part of the real estate transaction process that provides security for both buyers and sellers. But when exactly does the escrow period begin? The escrow period typically starts once the seller accepts the buyer&#8217;s offer and both parties sign the purchase agreement. This is when the earnest money deposit is made &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"When does escrow period start?\" class=\"read-more button\" href=\"https:\/\/namso-gen.co\/blog\/when-does-escrow-period-start\/#more-198978\">Read more<span class=\"screen-reader-text\">When does escrow period start?<\/span><\/a><\/p>\n","protected":false},"author":50,"featured_media":107420,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86279],"tags":[],"class_list":["post-198978","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-learn","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>When does escrow period start?<\/title>\n<meta name=\"description\" content=\"Escrow is a crucial part of the real estate transaction process that provides security for both buyers and sellers. 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Readers are strongly advised to exercise caution, verify information independently, and rely on their own judgment when considering the information provided. 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