Brea, Yorba Linda and Anaheim Hills California real estate listings, home buying, selling and relocation information

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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 and when was the first motel introduced on the American commercial real estate scene?
A	The first motel, appropriately named the "Motel Inn", opened in San Luis Obispo in 1925.
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Cindy Tittle, REALTOR®, real estate agent and broker for Brea, Yorba Linda and Anaheim Hills California home listings, property and land for sale - NUMBER1EXPERT(tm)

Cindy Tittle
Preferred Home Brokers
255 W. Central, Suite 104
Brea, CA 92821
Tel: 714-315-4054
Tel: 714-528-3399
Fax: 714-528-1199
Email: cindytittle@NUMBER1EXPERT.com
Email: CindyPHB@aol.com
My philosophy: I believe the role of a real estate agent is to guide you through the buying or selling process, taking the time to make sure you understand every step of the transaction. Comprehensive knowledge of your area: Being a resident of the area, I know the communities very well and I have in-depth real estate experience. This in-depth knowledge of the area and the real estate market can help you make the most informed decisions. Committed to ongoing training: A wide variety of continuing training helps us deliver high quality services to our customers and clients. Dedicated to your needs: Because real estate transactions don't stick to regular business hours, I am available seven days a week, often coming in early and staying late as necessary to get the job done.

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