Common escrow delays
Common escrow delays
Blog Article
Delays in escrow are among the most common headaches for both homebuyers and sellers. After finalizing a purchase agreement and anticipating a smooth closing, the last thing anyone wants is for the process to stall. So, what causes escrow to take longer than expected—and more importantly, how can you avoid delays that might cost time, money, or even jeopardize the deal?
Let’s explore the key reasons escrow can drag on, highlight the most frequent obstacles, and provide practical steps to help keep things on track. These insights are especially valuable when working with a knowledgeable escrow services provider in Texas, where local experience can make a significant difference.
Why Does Escrow Take So Long?
Escrow is a crucial holding phase in a real estate transaction where all agreed-upon conditions must be fulfilled before money and ownership change hands. During this time, the escrow company manages essential tasks such as document verification, title checks, loan approvals, and property inspections.
Because this process involves coordination among several parties—including buyers, sellers, lenders, title officers, inspectors, and real estate agents—any delay from one side can ripple through the entire timeline. Understanding the moving parts and common pitfalls of escrow is the first step toward avoiding costly setbacks.
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