Earnest money is one of the best ways to show a seller you’re serious about the offer you’re making on their home. By placing a portion of your down payment on the table to demonstrate your commitment to follow-through on the contract, you’re saying “I love this home and I’m ready to go.” But there’s a real risk involved: If you make a mistake, you might just be out a chunk of cash.
Here are some ways to avoid burning your home-buying bankroll in lost earnest money:
Protect yourself and your down payment by playing smart with your earnest money. I will discuss the details of the contract with you, identifying where your earnest money is protected and where it may be at risk.
Ready to buy? Give me a call and let me help you find the right home and protect your interests along the way.
As you explore the possibility of buying your home, you may come across terms that are unclear, unfamiliar, or new to you. I might even slip into the “everyday jargon” of real estate forgetting that some of the words I am using aren’t all that everyday for most people.
In keeping with my efforts to make everything as clear as possible, I would like to share this handy reference guide published by the Federal Trade Commission. The 18-page PDF guide is free to download. “The Real Estate Glossary: How to Talk the Talk,” contains a “glossary to help you better understand the terms commonly used in the real estate and mortgage marketplace.”
You can download the Real Estate Glossary from here:
Naturally, we are happy help you and can discuss any of your questions and comments. If want further clarification we can help!
PS new class schedules coming soon…
The Northwest received almost $330 million in Federal resources to revitalize our
communities, put people back to work and speed America back on the road to
recovery from what has come to be called “The Great Recession.”
In passing the Recovery Act, the Congress and the President specified a
wide range of activities to which state, county and city governments hard hit
by the downturn could apply Recovery Act funds – your tax dollars – from
meeting critical capital needs to expanding the supply of affordable housing,
from preventing homelessness to helping small businesses gain access to much
needed capital. Under the Act, those local governments were given full
authority to decide for themselves the specific what’s, where’s and how’s of
the projects that would best benefit their communities.
Here are some of the programs that will be funded
by the Federal money in the King County area: