Which of the following activities typically occurs during the escrow period?

During the escrow period, a variety of critical activities take place to facilitate a smooth real estate transaction. The correct choice mentions appraisals, inspections, and obtaining property insurance, all of which are essential components of the due diligence process that occurs during escrow.

Appraisals are conducted to determine the fair market value of the property, which is crucial for both the buyer and the lender. Inspections are carried out to identify any potential issues with the property that may need to be addressed before the sale is finalized. Obtaining property insurance is also vital during this period, as lenders typically require proof of insurance before they will finalize financing.

This combination of activities ensures that both parties have a clear understanding of the property's condition and value, and it helps protect the buyer's interests. It sets the stage for successful closing by addressing potential concerns upfront.

In contrast, financing the purchase is primarily the responsibility of the buyer and lender and may not necessarily occur within the escrow period itself. Marketing the property is usually done prior to entering escrow, as it involves attracting buyers before a sale is negotiated. Closing the sale is the final step that occurs after the escrow process is complete, once all conditions have been satisfied and both parties are ready to transfer ownership.