What documents do I need to open escrow in California?
You’ll need identification, the purchase agreement, and financial details to get started.
Opening an escrow account is one of the most important steps in a real estate transaction. Whether you’re buying or selling property in Southern California, working with a trusted escrow company like 805escrow ensures your title insurance, contracts, and funds are handled securely and professionally. This guide walks you through every document you need to open escrow, and why each one matters.
Understanding the Escrow Process in California
An escrow company serves as a neutral third party that safeguards funds and documents until both buyer and seller meet all the agreed upon conditions. Because of this, choosing a reputable escrow company like 805escrow can make or break your transaction. From title insurance coordination to final recording, 805escrow handles every step with precision and transparency.
Essential Documents to Open Escrow
When you’re ready to open escrow, having the right paperwork ready helps prevent delays. Here’s 805escrow’s complete checklist of the key documents you’ll need:
| Document | Purpose |
| Purchase Agreement | Outlines the terms, price, and contingencies agreed upon by both parties. |
| Earnest Money Deposit Receipt | Confirms that funds have been deposited into the escrow account. |
| Buyer and Seller Information Sheet | Provides essential contact and financial information for both parties. |
| Preliminary Title Report | Shows ownership details, liens, and recorded encumbrances on the property. |
| Property Tax Information | Ensures taxes are current and identifies outstanding obligations. |
| Loan Documents | Include pre-approval letters or lender forms if financing is involved. |
| Identification | Valid government-issued ID for all parties to verify identity and compliance. |
| Homeowners Association (HOA) Documents | Discloses fees, covenants, and rules if the property is within an HOA. |
Why Each Document Matters
Each document plays a crucial role in protecting both buyer and seller. For example, the preliminary title report ensures that title insurance accurately covers ownership and any encumbrances. Meanwhile, the purchase agreement establishes your legal obligations, and the deposit receipt confirms your commitment to the transaction.
How 805escrow Simplifies the Process
At 805escrow, we streamline your experience from start to finish. Our team works closely with agents, lenders, and title officers to make sure your file is complete, compliant, and ready for funding. In addition, our secure digital platforms allow you to upload documents, sign disclosures, and track progress in real time. As a result, you can focus on your move not the paperwork.
Tips to Avoid Delays When Opening Escrow
Even small errors can delay your closing. To stay ahead, make sure to:
- Double-check that all signatures and dates are complete.
- Confirm that funds for your earnest deposit have cleared.
- Communicate quickly with your escrow officer if changes occur.
- Provide any missing documents as soon as requested.
FAQs About Escrow Documents in California
Do I need title insurance before opening escrow?
Title insurance is typically arranged during escrow, not before. However, your escrow company will coordinate with the title office to issue coverage once the file is opened.
Can I open escrow without a purchase agreement?
No. The purchase agreement is essential because it defines the terms that escrow must follow. Without it, the escrow process cannot begin.
What if my lender hasn’t provided final loan documents yet?
You can still open escrow, but final funding cannot occur until your lender completes and submits all required documents.
Authority Resources
For additional guidance, you can visit the California Department of Insurance or consult the California Association of Realtors
Ready to Open Escrow? Let’s Get Started with 805escrow
Whether you’re buying or selling in Ventura, Santa Barbara, or anywhere across Southern California, 805escrow is your trusted escrow company for secure and efficient transactions. Visit our 805escrow Website to get started today.