Escrow is a secure, neutral process that holds funds and documents until all conditions of a real estate contract are met. It protects both parties — ensuring the buyer’s earnest money and the seller’s deed are handled safely. The escrow officer or company oversees the process, collecting funds, ver

Homes can fail to appraise at contract price when market demand outpaces recorded sales, or when an appraiser uses outdated or less comparable data. Unique homes or areas with limited sales data also present challenges. To mitigate this risk, agents prepare detailed comp packages and highlight upgra

An appraisal is an independent evaluation of a home’s market value conducted by a licensed professional. Lenders require it to ensure the property’s value aligns with the loan amount, protecting both the buyer and the bank from overpaying. Appraisers use recent comparable sales, property condition,