Escrow is a neutral third-party account that holds funds and documents until both buyer and seller meet the terms of the contract. It ensures fairness—neither side can access money or title until all conditions are satisfied. During the escrow period, inspections, appraisals, and final loan approval

Appraisals can come in low when recent comparable sales don’t support the agreed purchase price, often due to fast-moving markets or lack of nearby comps. Appraisers are bound by guidelines that may not capture unique features or current demand spikes. In these cases, buyers and sellers can challeng

Earnest money is a deposit buyers make to show good faith when submitting an offer. It demonstrates commitment and seriousness to the seller. The amount varies but typically ranges from 1–3% of the purchase price. This deposit is held in escrow and applied toward the buyer’s down payment or closing