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School Reports in Harford County, Baltimore County and Aberdeen Proving Grounds, Maryland

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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	Where will you find the world's largest indoor waterfall?
A	The lobby of the International Center in Detroit, Michigan has a waterfall of 114 feet, backed by 9,000 square feet of marble.
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Lee Tessier, REALTOR®, real estate agent and broker for Harford County, Baltimore County and Aberdeen Proving Grounds, Maryland home listings, property and land for sale - NUMBER1EXPERT(tm)

Lee Tessier
RE/MAX American Dream
9414 Belair Rd
Baltimore, MD 21236
410-638-9555
Fax: 888-644-7775
Email Us: team@leetessier.com
Lee Tessier of RE/MAX American Dream provides real estate services in Baltimore, Maryland including Baltimore County and Harford County. I list and sell real estate in the following Baltimore Counties, White Marsh, Perry Hall, Dundalk, Essex, Kinsville, Upper Falls, Nottingham, Parkville, Timonium, Cockeysville, Hunt Valley, Monkton, Townson, Glen Arm, Baldwin and the following Harford County communites of Abingdon, Edgewood, Bel Air, Darlington, Dublin, Monkton, Norrisville, Pylesville, Street, Whiteford, Forest Hill, Churchville, Jarrettsville, Fallston and Joppa. I list and sell residential real estate investment properties, historical properties, land, condominimums, townhomes in Baltimore, Maryland. I work with Military families with buying and selling real estate or relocating to and from Baltimore, Maryland.

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