Special Offers From Me To You! 

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.

	See All Tips In The "Making An Offer" Category >
	See Complete Library Of Hundreds Of Tips In 30+ Categories >

Shawn DeLozier
Re/Max Associates
4285 N Shiloh Dr
Fayetteville, AR 72703
Phone: 479-799-1397
Email: Shawn@ShawnDelozier.com

Shawn DeLozier is a life-long resident of Northwest Arkansas and will guide you through the Real Estate market with ease! Shawn is an experienced agent and keeps up with the ever so changing market, which will make it easier for you if you are buying or selling Real Estate!

www.ShawnDelozier.com is brought to you by Shawn Delozier
NUMBER1EXPERT™ in real estate for Bella Vista, Bentonville and Fayetteville, Arkansas

Read Shawn Delozier's Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge