How does escrow account work in real estate?

Hey, future homeowners! Wondering how escrow works? Let's speed-date the process in 30 seconds!
[Quick Animation: "Escrow Express"]
1️⃣ Deal Struck:
Buyer and seller agree - cue the escrow account!
2️⃣ Earnest Money Splash:
Buyer shows commitment with earnest money - it's a trust token!
3️⃣ Conditions Checked:
Agent ensures all's smooth - inspections, financing, done!
4️⃣ Title Tango:
Title's clear? Awesome! Add title insurance for that extra dance move.
5️⃣ Quick Contingency:
Buyer's got a getaway card during the contingency period.
6️⃣ Loan Lift-off:
Financing approved! Funds fly into the escrow account.
7️⃣ Doc Dash:
Closing docs ready - sign, sign, sign!
8️⃣ D-Day:
Funds move, everyone gets their slice. Fast and fair!
9️⃣ Cash Cha-Ching:
Escrow agent plays money maestro - seller, agents, all paid!
🔟 Ownership Finale:
Title's transferred, you're officially a homeowner! 🎉
[Celebratory Ending with Quick Cheers]
🎤 Voiceover:
Boom! Escrow demystified in 30 seconds. Like, subscribe, and stay savvy, home dreamers! 🏡✨