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David Weber is one of The Top Selling Real Estate Experts™
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My Special Offers: Westport and Weston Connecticut home buying, real estate listings, and homes for sale in Fairfield County, CT

Welcome > Resources > Special Offers > My Special Offers ...

Special Offers From Me To You!

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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 famous Art Deco skyscraper is decorated with eagle hood ornaments, hubcaps and abstract images of cars?
A	New York's Chrysler Building, designed by architect William Van Alen in 1930, was one of the first buildings composed of stainless steel over a large surface area.
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David Weber, REALTORŽ, real estate agent and broker for Westport and Weston Connecticut home listings, property and land for sale - NUMBER1EXPERT(tm)

David Weber
Prudential Connecticut Realty **
272 Post Road East
Westport, CT. 06880
Direct Line: 203-429-1073
Office phone Number: 203-227-5117 ext 1073
Fax: 203-227-5619
Email: davidweberwestporthome@number1expert.com
Real Estate is About People...Not Just Houses. I love selling real estate, and am licensed to do so in Connecticut. It is more than just selling or listing homes for sale. Its about taking care of the people who are buying and selling them. My primary concern is to take care of my clients so they can make the right choices for themselves and their families. The most satisfying moments in real estate for me are when I see smiling faces at the closing table...For buyers it means educating them, to help them come to their own opinion of value so they know they are getting a good home for the money they will spend. Its also about helping them see the lifestyle they will have after buying the right home. Its not just the house that matters...its how you live in it that makes it a home...For home sellers my concern is that they are able to move on with their lives in a timely manner. This means being truthful about the value of their home so they can make an informed decision on pricing, helping them prepare their home so it shows well and then giving them the best marketing and service possible so they can have a satisfying sale. ** Prudential Connecticut Realty is an independently owned and operated member of The Prudential Real Estate Affiliates Inc., and Prudential is a service mark of The Prudential Insurance Company of America.

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