Usually within a day of opening escrow.

That is, after you reach an agreement with the home seller (perhaps after a few counter offers back and forth along the way), I will take the signed contract including all counter offers, addendums, and your earnest money check to the escrow company named in the contract. I do this the next business day after an purchase agreement is reached.

The escrow company will cash your check that day or the next day. The funds will be deposited into your escrow account at the escrow company.

June 4, 2008 by
 
About The Author

John Wake

Born in Phoenix, trained as an economist and now a licensed Realtor, John uses hard data from the real estate market to help his clients -- buyers and sellers of residential real estate -- uncover their best choices for finding the right home or finding a buyer for their current home.

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