Step 10 - Escrow.
The RPA, together with any Counter Offers, essentially constitute your "contract" and the preliminary instructions to the escrow company. To "open escrow" the Buyer's Agent delivers the contract and deposit check to the escrow company identified in contract. This escrow company acts as neutral third party to the transaction and is traditionally chosen by the Seller. The escrow company basically handles all the cash and paperwork involved in the transaction. They insure that all of the conditions and contingencies in the RPA and Counter Offers and the lender's requirements are addressed. A typical escrow will last from 30-60 days.

Please note that many escrows do not "close" on time. A diligent escrow company in addition to your committed Pacifica West Properties agent will ensure that your transaction goes as smoothly as is possible.