Step 7: Open Escrow – offer accepted

Once both parties agree on the terms and conditions of the Purchase Contract, we open escrow – marking the official start of your real estate transaction. At this point, the escrow officer, their team, and our transaction assistant come into play, working together to support you. Our collective goal is to ensure a smooth escrow process, meticulously coordinating every detail to avoid any errors.

In Hawaii, escrow companies act as neutral third parties, overseeing the transaction between buyer and seller. They handle funds and documents, verify contractual obligations, coordinate with title companies, and ensure a seamless transfer of ownership, making escrow essential to a secure transaction.

Deposit

All funds related to the transaction will be managed by escrow for safekeeping.

Escrow Period

In Hawaii, the typical escrow period is 30 days for cash transactions and 45 days when financing is involved.

Title

Escrow manages all title-related tasks, including recording the transfer. In Hawaii, “escrow companies” and “title companies” are often considered synonymous, as they work closely to finalize the transaction.

We manage the transaction process and contingencies, while escrow oversees the handling of funds and title. No funds are disbursed until all contingencies are met and escrow provides final approval.

Hawaii real estate transactions are very secure.