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  • Welcome - Get the best real estate listings & homes for sale, expert advice, local info, and much more from a Mandeville, Covington and Madisonville, Louisiana real estate agent(s). Contact Louise Brady today!

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Real Estate Tips
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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Real Estate Trivia
Q 
Exactly how many islands are included in the group called the 1000 Islands?

A 
There are actually 1,864 islands in the 80-mile stretch in the St. Lawrence River, between Ontario, Canada and New York State.
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Louise Brady, REALTORŽ, real estate agent and broker for Mandeville, Covington and Madisonville, Louisiana home listings, property and land for sale

Louise Brady
Latter and Blum, Inc. Realtors

1151 North Causeway Blvd.
Mandeville, LA 70471-3208
Licensed in the State of Louisiana
Office: 985-626-5695, Ext 22122
Fax: 985-231-1848
Direct Line: 985-951-9328
louisebrady@BestImageAgent.com

Thank you so much for visiting my website today. When you are buying or selling property in today´s real estate market, it´s important to have confidence in your real estate professional. My commitment as your local REALTORŽ is to provide you with the specialized real estate service you deserve. Please consider this your online resource for local real estate information. Return often for the latest property listing updates. Latter & Blum Inc/Realtors is a licensed real estate brokerage firm in Louisiana. Each ERA Real Estate Powered Office is Independantly Owned and Operated. Latter & Blum Inc/Realtors, 1151 N. Causeway Approach, Mandeville, LA 70471, USA Main

Equal Housing CRS ABR SRES REALTOR


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