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Welcome > For Buyers > Latest Listings ...

Find Out About the Latest Houston, Cypress and Spring Area Homes for Sale Before Anyone Else!

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School Reports in Houston, Cypress and Spring, Texas

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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 is the world's largest bridge located?
A	Lake Pontchartrain Causeway at New Orleans, Louisiana is the world's largest bridge. It is almost 24 miles long.
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Amy Patton, REALTOR®, real estate agent and broker for Houston, Cypress and Spring, Texas home listings, property and land for sale - NUMBER1EXPERT(tm)

Amy Patton
RE/MAX W. Houston Professionals
Direct: 281-380-2622
Fax: 832-202-2622
Email: amypatton@NUMBER1EXPERT.com
Amy has been an accomplished Realtor with a proven track record and has been recognized as a leader in the real estate industry. Years as Company Top Producer & numerous awards from RE/MAX of Texas for sales production and recognized and certified by Houston Association of Realtors as a "Top Production Realtor". Amy consistently displays her service-oriented attitude! Amy is a trustworthy source of information for both buyers & sellers.

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