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Apex, Holly Springs and Cary Information:
About Apex, Holly Springs and Cary - Moving to Apex, Holly Springs and Cary, North Carolina? Get info here... Horse Farms and Land - Triangle Area Horse and Farm Property Specialist. School Reports - Reports for Apex, Holly Springs and Cary schools kindergarten, elementary, and high schools. Relocating? - Free real estate information & relocation package if you're relocating to Apex, Holly Springs and Cary, in Wake County NC. Go to Main Sitemap - Main sitemap sections include Find Apex, Holly Springs and Cary Homes, For Home Buyers, For Home Sellers, Apex, Holly Springs and Cary Information, Real Estate Resources, and About Anne Cain.
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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 |
What is a VA home loan?
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The Office of Veterans Affairs guarantees small or no-down payment mortgage loans made by lenders to U.S. veterans. |
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Anne Cain
Keller Williams Realty
115 Crescent Commons Drive
Cary, NC 27518
919-303-3588
Fax: 919-882-3232
annecain@annecain.com
Since 1982, Anne Cain has been helping people move to, from, and around the Wake County area. The experience gained while working with buyers and sellers during these years will give you a smooth relocation from start to finish in the time frame you are looking for. Anne's clients value the extraordinary service she gives.Call or email her today!
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