Escrow, Explained Simply:
Escrow is a neutral account where your earnest money and key documents are safely held until both the buyer and seller meet the terms of the agreement. Think of it as a built-in safety net — it protects both sides and ensures a smooth, fair process.

Here’s How Escrow Works:

1. Offer Accepted: Your earnest money goes into escrow, not to the seller.

2. Tasks Begin: Inspections, financing, and repairs are completed.

3. Escrow Closes: Funds are transferred, paperwork is finalized, and you get the keys!

Bonus Tip: After closing, your lender may keep an escrow account to pay your property taxes and insurance — so you don’t have to worry about surprise bills.

Why It Matters:
Escrow keeps the transaction fair, secure, and on track. For first-time home buyers, it’s peace of mind in a process that can feel overwhelming.

Let’s connect! At Abby Powers & Company, we’re the real estate knowledge team — here to guide you through every step with clarity, confidence, and care. Whether you’re buying your first home or your forever home, we’ll make sure you understand the process from start to finish.

 Contact us today to start your home search with confidence.