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Making An Offer >Keeping Your Earnest Money Safe
When you make an offer on a house, it is accompanied by an earnest money check. Earnest money is intended to demonstrate that you are "in earnest" about purchasing the property. The earnest money check is made out to the listing company. What happens to this check? The party holding the check acts as an escrow agent until you go into closing. At that time you will receive credit for the amount of your check against the down payment and closing costs. Real estate brokers are required by law to keep escrow funds in a special account. These funds cannot be used to pay any other expenses associated with the sale. If you don't complete the transaction, the purchase contract determines the disposition of your earnest money funds. Be sure to review this part of your contract with the real estate agent. If you are in default on your agreement, the funds may go to the sellers, so be sure that you understand the deadlines in order to avoid breach of contract and forfeiture of your deposit. If you have any questions, be sure to ask your real estate agent for advice.
What architectural detail made its way into the design of many suburban homes built in the 1950s, 60s and 70s?
The picture window was a signature of the suburban American neighborhood.
The Don Lawyer Real Estate TeamKeller Williams Realty1301 South Bowen Road, Suite 125Arlington, TX 76013Office: 817-213-6510Toll Free: 1-877-515-9089Fax: 817-764-0482Email: donlawyer@NUMBER1EXPERT.comEmail: ddrivera2@yahoo.comAs Tarrant County's top real estate agents, Don Lawyer and his team have made a name for themselves by providing exceptional service and expert advice. With over two decades of experience and expertise, members of The Don Lawyer Team are proven performers. If you desire the very best in personalized service, you will appreciate the reassurance of knowing there is someone to take your call if you have a question. The Don Lawyer Team stays in touch with their clients, and they do the little things right. Call or email them today!
The Don Lawyer Real Estate TeamKeller Williams Realty1301 South Bowen Road, Suite 125Arlington, TX 76013Office: 817-213-6510Toll Free: 1-877-515-9089Fax: 817-764-0482Email: donlawyer@NUMBER1EXPERT.comEmail: ddrivera2@yahoo.com
As Tarrant County's top real estate agents, Don Lawyer and his team have made a name for themselves by providing exceptional service and expert advice. With over two decades of experience and expertise, members of The Don Lawyer Team are proven performers. If you desire the very best in personalized service, you will appreciate the reassurance of knowing there is someone to take your call if you have a question. The Don Lawyer Team stays in touch with their clients, and they do the little things right. Call or email them today!
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