Escrow – Under Contract: Now What?

Congratulations on taking a step toward homeownership! Escrow companies act as neutral third parties, holding funds and important documents until all contract terms are met. Once you’re under contract, the escrow process begins.

At Cody Nowicki Realtor, we explore your financing options and determine the right down payment strategy. We also coordinate with escrow officers to keep you updated and ensure all documents and funds are handled properly.

Handling the Deposit Check

Once escrow is opened, your deposit check is cashed and held securely. If the sale closes, the refund is applied toward your home purchase. If not, refund policies depend on contract terms. We clarify deposit terms and negotiate contingencies to protect your investment.