Resources

Buyer & Seller FAQs

Our FAQ section addresses common questions from real estate buyers and sellers, providing clarity on every aspect of the escrow journey.

Q. What is an Escrow?

A. Buyers and sellers of a piece of property establish terms and conditions for the transfer of ownership of the property. These terms and conditions are given to a third party known as the escrow holder. In turn, the escrow holder has the responsibility of seeing that the terms of the escrow are carried out. The escrow is an independent neutral account and the vehicle by which the mutual instructions of all parties to the transaction are complied with.

Q. Why is Escrow Needed?

A. Whether you are the buyer or the seller, you want assurance that no funds or property will change hands until all instructions have been followed. With the increasing complexity of business, law, and tax structures, it takes a trained professional to supervise the transaction.

Q. How Long is an Escrow?

A. The length of an escrow is determined by the terms of the purchase agreement/joint escrow instructions and can range from a few days to several months.

Q. Who Chooses the Escrow?

A. The selection of the escrow holder is normally done by agreement between the principals. If a real estate agent is involved, they may recommend an escrow holder.

Forms & Documents

These documents are provided solely for informational resource purposes. While deemed reliable, please note that On Point Escrow does not endorse nor guarantee the content, form, legality, or use of any of the following documents.

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On Point Escrow does not provide legal advice in making these forms available, and the availability of such forms through this site is not a substitute for the advice of an attorney. Legal advice of any nature should be sought from competent, independent, legal counsel in the relevant jurisdiction, and On Point Escrow highly recommends consulting an attorney with the use of any of the forms. No warranties are made regarding the use or suitability of these forms. If you have any questions concerning which form is appropriate for your transaction, or need help in the preparation of that document, please consult an attorney or obtain other professional advice.

Downloadable Guides

Access our range of downloadable guides to help you navigate your transaction with ease

Buyer Seller Guide

Escrow FAQs

Escrow Red Flags

Escrow & Taxes

Property Tax Calendar & Impounds

Glossary of Terms

New to real estate or escrow? Our glossary provides simple explanations of industry terms, helping you understand the language of escrow and make informed decisions.

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Helpful Links

California Association of County Treasurers & Tax Collectors

California Escrow Association

Department of Financial Protection & Innovation

Department of Real Estate

Franchise Tax Board

Los Angeles County Tax Assessor

RESOURCES

Buyer & Seller FAQs

Forms & Documents

Downloadable Guides

Glossary of Terms

Helpful Links