Benton real estate, Bryant real estate and Little Rock real estate in Arkansas 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	What is the most common street name in the US?
A	Second Street ranks as the most common street name. First Street is not #1 because many "First" streets are called "Main" Street.
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THE BALL TEAM, REALTOR®, real estate agents and broker for Benton, Bryant and Little Rock Arkansas home listings, property and land for sale - NUMBER1EXPERT(tm)

THE BALL TEAM
Truman Ball & Associates Realtors
2305 Springhill Road, Suite 6
Benton, AR 72019
Office: 501-455-8444
Direct Line: 501-831-8444
Toll Free: 877-455-8444
Spanish / Español: 501-680-8444
Fax: 501-455-8445
Email: TheBallTeam@TrumanBall.com
Founding Truman Ball and Associates Realtors in 1997, Truman led his field as Little Rock's #1 Realtor in closed transactions since 1990. He did it one home at a time, ensuring that he met the needs of his clients with honorable client service, with twenty-seven years experience in the business, selling residential and commercial real estate. Committed to client satisfaction, Truman enlisted the assistance of a team of 11, and together that team effort of buyers’ specialists forms The Ball Team. This guarantees that each client receives personal and professional attention by offering prompt response to all inquiries, and regular updates on the development of the transaction. Being recognized as the Top Producer in Sales and Listings for the past twenty-seven years is witness to Truman’s unique abilities as a buyer's and seller's agent. Following his death in 2005, his son Scott Cobb leads the team with the same dedication to integrity and personal service.

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NUMBER1EXPERTS™ for Benton real estate homes, Bryant real estate homes, and Little Rock AR real estate homes, in Pulaski County Arkansas

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