Sitemap: Home Buying in Lake Oswego, Sherwood and Portland, Oregon - Get Expert Advice From The Stacy Sells Your Home Team

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For Home Buyers:

Why Buyers Choose The Stacy Sells Your Home Team - Why homebuyers looking for a real estate agent in the Lake Oswego, Sherwood and Portland area choose The Stacy Sells Your Home Team.
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School Reports in Lake Oswego, Sherwood and Portland, Oregon

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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.

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Q	Exactly how many islands are included in the group called the 1000 Islands?
A	There are actually 1,864 islands in the 80-mile stretch in the St. Lawrence River, between Ontario, Canada and New York State.
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The Stacy Sells Your Home Team, REALTOR®, real estate agent and broker for Lake Oswego, Sherwood and Portland, Oregon home listings, property and land for sale - NUMBER1EXPERT(tm)

The Stacy Sells Your Home Team
Keller Williams Portland Premiere
17700 SW Upper Boones Ferry Rd.
Suite 100
Portland, OR 97224
503-267-3099
stacyowens@NUMBER1EXPERT.com

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