Congratulations! You found the home you want to buy, or you found a buyer for the home you’re selling, the offer was accepted, and now the home is in escrow.

What is escrow?

Escrow is a period of time set by your lender so that certain conditions can be met for the purchase of a Boston condo for sale. The seller must complete their end of the bargain, for example by authorizing home inspections and final appraisal. Both parties must assemble mortgage paperwork and sign documents. There are a lot of variables and sometimes Boston condos for sale “fall out of escrow”, or fail to close for one reason or another. Having a Boston real estate agent is crucial this phase of the home buying or selling process. Here’s what else you can do:

Use a reputable escrow/title company/Boston real estate company

In Boston, unlike most parts of the country the escrow is help with the Seller’s broker. It can also be help in an escrow company as well. The escrow company holds the funds for your home until all the paperwork is in order, while the title company does the legwork to dig up any hidden information about the property. It can take some time, but the escrow period is not flexible, so it’s important to use a title and escrow agent that is reputable and experienced. Ask your real estate agent for recommendations, and follow that up with some second opinions from people you trust.

Boston Condo Sellers:

Disclose early. Before your home even makes it to escrow, sharing any information with your real estate agent that might come up in the title search can save you headaches down the road. Example: any recent deaths, divorces, quick claims, liens on the home, or other people on the deed (especially if they live out of state). A title search is performed by a title company. They scour the property records to make sure that there are no mortgages, liens, judgments or unpaid taxes. The title company also looks for any restrictions, easements, leases or other issues that might impact ownership, and may do a property survey to ensure that the house is sitting fully within its assigned lot.

Boston Condo Buyers: 

Know your loan’s conditions. The most common reasons that homes fall out of escrow is that the mortgage doesn’t come through. Sometimes lenders promise loans that they can’t actually give out based on your qualifications (income, debt, etc.), so having a great mortgage company is the first step. (We have recommendations!) Or, the problem might be on your end. When you apply for the loan, get a list of potential disqualifiers, and be sure to avoid them! For example, your lender may disqualify you if you take out a new line of credit or change employers. Early disclosure is also important here. There might be something that the mortgage underwriters discover that didn’t appear in your credit report, whether it’s an unpaid debt or other assets, all of which can affect your ability to take out a new mortgage.

As your Boston real estate agent, my #1 goal is to help you get through the closing process successfully. It’s an emotional time for both the buyer and seller, with a lot at stake. While falling out of escrow does not signal the end of the world, there are definitely potential financial repercussions. Luckily, it doesn’t happen to most of my clients. If you have more questions about home buying and selling, feel free to contact my team!

Author Profile

John Ford
John Ford

Over the course of 20 years in the Boston downtown real estate market, John represented and sold numerous, condominiums, investment and development properties in Greater Boston and in the surrounding suburbs

In addition to representing Boston condo buyers and sellers, John is currently one of the most recognized Boston condo blog writers regarding Boston condominiums and residential real estate markets. John's insights and observations about the Boston condo market have been seen in a wide variety of the most established local & national media outlets including; Banker and Tradesman, Boston Magazine The Boston Globe, The Boston Herald and NewsWeek and Fortune magazine, among others.


For over 24 years, John Ford, of Ford Realty Inc., has been actively involved in the real estate industry. He started his career in commercial real estate with a national firm Spaulding & Slye and quickly realized that he had a passion for residential properties. In 1999, John entered the residential real estate market, and in 2000 John Started his own firm Ford Realty Inc. As a broker, his clients have come to love his fun, vivacious, and friendly attitude. He prides himself on bringing honesty and integrity to the entire home buying and selling process. In addition to helping buyers and sellers, he also works with rental clients. Whether you’re looking to purchase a new Boston condo or rent an apartment, you’ll quickly learn why John has a 97% closing rate.


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John Ford and his staff can be reached at 617-595-3712 or 617-720-5454. Please feel free to stop by John's Boston Beacon Hill office located at 137 Charles Street.

John Ford
Ford Realty Inc
137 Charles Street
Boston, Ma 02114



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