All agents are NOT alike! Find out why I am a top real estate expert. Call me: 920-993-8143.
Sign Up For My eNewsletter, FREE! There are always important changes happening in the real estate market, locally and nationally. These changes can affect YOU. Find Out More > View All Offers >
The Best ?We were pleased with the help we received in both looking and buying our new home.? Read Quote > View All Quotes >
Compare three mortgages at one time.
Download TripleCalc now. It's free.
Please Sign Up For The
Latest Listings and the Latest Real Estate News
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.
Anne Neer Coldwell Banker, The Real Estate Group 5107 N. Ballard Rd. Appleton, WI. 54913 Phone: 920-993-8143 Fax: 920-993-8183 Cell: 920-851-4157 Email: appleton@NUMBER1EXPERT.com
Anne Neer began her Residential Experience in September 1979. She is a Certified Residential Specialist (CRS), a nationally recognized symbol of excellence. Fewer than 2% of all Realtors have received the CRS® Designation. In addition Anne is a graduate of the Realtors Institute and is a Senior Associate representing a stand of production for her company. She has been a recipient of the National Sales Award. From 1979 to the present, Anne has been a member of the Realtors Association of Northeast Wisconsin, Wisconsin Realtors Association, the National Association of Realtors. Anne does pre-marketing for transferees and a skillful home search in the destination location.
www.appletonhomesearch.com is brought to you by
Anne Neer NUMBER1EXPERT in real estate for
Appleton, Fox Cities & Neenah, Wisconsin