Salisbury, Wicomico County, and Eastern Shore real estate and homes for sale in Maryland - Sheila J. Dodson, REALTOR® Sheila J. Dodson REALTOR(r) for Salisbury, Wicomico County, and Eastern Shore, Maryland real estate - NUMBER1EXPERT™ Sheila J. Dodson NUMBER1EXPERT(tm) for Salisbury, Wicomico County, and Eastern Shore, Maryland real estate
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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 
What is the largest city square in the world?

A 
Located in Beijing, China, Tianamen Square, called the "Gate of Heavenly Peace", covers 98 acres.
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Sheila J. Dodson, REALTORŪ, real estate agent and broker for Salisbury, Wicomico County, and Eastern Shore Maryland home listings, property and land for sale - NUMBER1EXPERT(tm)

Sheila Dodson
ERA Martin Associates

1000 East Main Street
Salisbury, MD 21804
Direct Line: 443-260-3848
Toll Free: 800-875-1083
Fax: 410-860-5013
Email: Sheila@SJDhomes.com

As for industry experience, you're in good hands. Experience in all facets of new construction, management, sales and marketing offers my clients a definite advantage. Active participation in the Coastal Association of Realtors provides an extensive professional network through which I can find the perfect home for your family or complete a sale with greater efficiency. Since 1987, my goal for the people I work with continues to be achieving profitable and favorable real estate results.

CRSeProEqual HousingGRIREALTOR


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