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For Home Sellers:
Why Sellers Choose Christopher Anderson - Why home sellers in Albuquerque, Rio Rancho and East Side Mountains choose Christopher Anderson. Free Presentation - Free in-home listings presentation on marketing your Albuquerque, Rio Rancho and East Side Mountains, in Bernalillo County New Mexico property. Property Valuation - How much is your Albuquerque, Rio Rancho and East Side Mountains home worth? What Did That Home Sell For? - What did that Albuquerque, Rio Rancho and East Side Mountains, New Mexico property or other real estate sell for? FSBO - Selling your Albuquerque, Rio Rancho and East Side Mountains real estate on your own? Go to Main Sitemap - Main sitemap sections include Find Albuquerque, Rio Rancho and East Side Mountains Homes, For Home Buyers, For Home Sellers, Albuquerque, Rio Rancho and East Side Mountains Information, Real Estate Resources, and About Christopher Anderson.
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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 was the world's highest viewing platform before the opening of the Empire State Building in 1939?
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| A |
The Eiffel Tower, built between 1887-1889, was for 42 years the highest viewing platform in a man-made structure. |
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