Why to use Escrow?

Updated: Feb 19, 2020

Escrow is a service where a neutral third party holds the goods or service charges in its account till the deal is successfully closed between buyer and seller.Using Escrow has many advantages, especially in real estate sector where there is a huge amount of transaction is involved. Deposit of buyer’s amount into the escrow account gives sense of security to the buyer which would otherwise be dependent on the broker’s trust.


why to use escrow services


Using Escrow has many advantages, especially in real estate sector where there is a huge amount of transaction is involved. Deposit of buyer’s amount into the escrow account gives sense of security to the buyer which would otherwise be dependent on the broker’s trust.


  1. More Security & Confidence to the Buyer: With the use of escrow services, while buying a home, the buyer feels more confident and secure as his earnest money or advanced money are safe with the escrow account. If the deal could not be completed because of any reason, the buyer’s advance money is safe with escrow and he does not lose anything.

  2. Quick & Successful Deal Closure: As buyers and sellers trust each other, there are more chances of quick and successful deal closure with the use of escrow.

  3. Freeze on Deals Terms: There is a contract signed between seller and buyer on mutually agreed deal terms and escrow instructions. These can be changed by mutual consent only. Hence, buyers and sellers are always protected from unnecessary terms which may arise when the deal is going on.


#UseEscrow #theEscrowConfidence



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