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"We sold in just 19 days for 97.4% of asking price - you made it a piece of cake!"
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About Joe Tosco:
About Joe Tosco - Information about Joe Tosco of Collegeville, Schwenksville, Limerick and Phoenixville, Pennsylvania Testimonials - Read what Joe Tosco's clients are saying about the real estate marketing and services provided. For Real Estate Agents - Let Joe Tosco help you with your professional real estate broker and agent needs in the Collegeville, Schwenksville, Limerick and Phoenixville area. Guarantee - Learn about Joe Tosco's Guarantee. About NUMBER1EXPERTS - NUMBER1EXPERTS are top real estate professionals, find out more. Contact Information - How to contact Joe Tosco. Go to Main Sitemap - Main sitemap sections include Find Collegeville, Schwenksville, Limerick and Phoenixville Homes, For Home Buyers, For Home Sellers, Collegeville, Schwenksville, Limerick and Phoenixville Information, Real Estate Resources, and About Joe Tosco.
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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 greatest land grant ever given to an English subject?
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| A |
William Penn arrived in October, 1682, to take over his enormous grant that later became Pennsylvania and Delaware.
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