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"A model of how the Internet can facilitate the process of deciding where to send your children to school" - America's Best School Profiles by The Heritage Foundation Minnesota Public, Private and Charter Schools: Compare them using these top-rated, comprehensive reports.   Schools in Lake Minnetonka, Minnetonka and Minneapolis Western Suburbs

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. See All Tips In The "Making An Offer" Category > See Complete Library Of Hundreds Of Tips In 30+ Categories >

Q  What famous person said this? "Real Estate is the best investment in the world because it is the only thing they're not making anymore!" A  Will Rogers, who began his career as a rope-throwing cowboy and later became a famous stage and film star. See More Real Estate Trivia >

Bill Pauling Edina Realty 14451 Highway 7 Minnetonka, MN 55345 952-942-5387 Fax: 952-938-7707 bill@paulinghomes.com *For prompt, professional Real Estate service.* www.PaulingHomes.com is brought to you by Bill Pauling NUMBER1EXPERT™ in real estate for Lake Minnetonka, Minnetonka and Minneapolis Western Suburbs, Minnesota Read Bill Pauling's Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge

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