Andersonville, Rogers Park and Gold Coast Illinois real estate listings, home buying, selling and relocation information

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From My Affiliates: Andersonville, Rogers Park and Gold Coast Illinois home buying, real estate listings, and homes for sale in Cook County, IL

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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 a Buyer Broker?
A	A buyer broker represents buyers, helping them to find the best property and negotiate the best purchase price and terms.
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Steve Acoba, REALTORŽ, real estate agent and broker for Andersonville, Rogers Park and Gold Coast Illinois home listings, property and land for sale - NUMBER1EXPERT(tm)

Steve Acoba
Keller Williams Realty
2106 N. Clark Street
Chicago, IL 60614
Phone: 773-968-9107
Main Phone: 773-968-9107
eFax: 206-339-3239
Email: steveacoba@ameritech.net
Steve is among the top agents of ALL the Keller Williams offices in Midwest Region. Every year since beginning his real estate career he has been recognized as a TOP Producing agent by the Chicago Association of Realtors. He is on track for another top selling year in 2010. With over 15 years of corporate sales experience with a Global 100 company and Keller Williams Realty, he understands and utilizes best practices to continually grow his business. He is dedicated to making your new home purchase or existing home sale as stress-free and trouble-free as possible. Over 95% of his business comes from referrals from past clients! Steve is conversationally fluent in French and Japanese and is also now learning Mandarin Chinese.

His objectives are simple: 1) find buyers the perfect home at the best price and 2) get his sellers the best price in the shortest time possible. His thorough market knowledge, ability to understand his clients needs and wants, honed negotiating skills, professionalism, and tech-savvy are why he boasts a 100% client satisfaction rating. He will EXCEED your expectations and become your Realtor for Life.

www.SteveAcoba.com is brought to you by Steve Acoba
NUMBER1EXPERT™ in real estate for Andersonville, Rogers Park and Gold Coast, Illinois, Condos/Condominiums, Luxury

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