Buying Highlands Real Estate, Earnest Money
Earnest money is an important part of buying Highlands real estate. In some instances the amount of earnest money offered can clinch getting a home under contract. In other deals the earnest money is not as important. Regardless of whether a seller sees earnest money as a deal clenched it can demonstrate a buyer’s degree of interest in a Highlands property. The question is, can you lose your earnest money?
Of course you can lose the earnest money. While this does not happen often it does happen. If you have passed all of the contingency dates in your contract and have not put an end to the purchase agreement you run the risk of losing your earnest money. Earnest manet guarantees your interest in purchasing a Highlands home for sale. While you are under contract no one else can put the home under contract and the home is, in essence off the market. Earnest money protects the seller in the event of bad faith of a buyer. Your Highlands REALTOR should explain the contract and the earnest money in detail prior to you signing.
Contact me, Lynn Kimball, today to learn more about real estate in Highlands NC. I welcome the opportunity to update you on current market conditions while walking you through the buying process. Let my knowledge and experience serve as your guide to buying Highlands real estate.
Click here to read “Losing Your Earnest Money” from Realty Times.
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