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"Perfect service!"

Rob and Priscilla wrote that Dean and the Chris Kare Realty Team really excel at...

• “Customer-first attitude”
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"Thanks for your service and more importantly, our newly formed friendship!"

Rob and Priscilla Steinmetz

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School Reports in Orland Park, Frankfort and Tinley Park, Illinois

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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	Legend has it that when Brigham Young first saw this city in 1847, he exclaimed: "This is the place!"
A	Salt Lake City, Utah.
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The Chris Kare Home Team, REALTOR®, real estate agent and broker for Orland Park, Frankfort and Tinley ParkIllinois home listings, property and land for sale - NUMBER1EXPERT(tm)

Chris Kare Home Team
Dean Christofilos, Managing Broker Owner
Volo and Tinley Park Offices
Phone: 815-385-1500
Fax: 708-633-9341
Email: Dean@ChrisKareRealty.com
We are Real Estate Buying and Selling Experts. All our services are geared to help you, our valued client have a successful and pleasant experience.

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