What happens to unclaimed good faith deposits? As this loyal reader points out, there are many options which vary depending on your location. Q: Every Sunday morning, your article is one of the first two or three that I read in my local paper. Thank you for enlightening me and the public on real estate [...]
What happens to the good faith deposit when the homebuyer backs out? If the buyer doesn’t ask for it back, the seller needs to take control of the situation. Q: We accepted an offer on our house a year ago. Unfortunately, the buyer walked away at the eleventh hour – the night before the moving [...]
Earnest money could seal the deal when buying your dream home. When a homebuyer finds his or her dream house and it’s time to get serious, putting down earnest money is a great step toward closing – but what is earnest money? Earnest money is how homebuyers show the seller they are truly interested in [...]
