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Protect Your Earnest Money Deposit From Sellers Arlington Virginia CondosPosted by Jay Seville on Tuesday, February 15th, 2011 at 4:52am.
How to Protect Your Earnest Money Deposit From Sellers! Great Falls Real Estate
I've recently videoed about a dramatic issue that affects consumers in every niche from Great Falls real estate to Clarendon condos when buying a new home. Not many buyers--nor their agents!!!--- know the dangers and drama lurking around the corner whenever their earnest money deposit is made quickly after ratifying a contract. Share with your friends buying any type of Arlington real estate, etc.
This Addendum Will Protect Your $$$$ When Purchasing Great Falls Virginia Real Estate Down to Small Arlington Condos
"The earnest money will be deposited after all parties have signed the home inspection addendum." This simple Great Falls sales contract addendum will protect your earnest money in case you want to void the contract after the home inspection or if you can't come to terms with seller on home inspection items. Otherwise the seller does not have to sign off on the release of your deposit and your broker (buyer agent company) cannot release your deposit back to you even though contractually it's supposed to be returned to you in full. Watch the video for details and an explanation about why your broker is limited in refunding your earnest money.
Probably 1 out of 1000 agents do this to protect their buyers--I only know of one in the entire region other than my buyer agents at JustNewListings.com Realty. They just don't know the contract pitfalls and do not thrive on consumer advocacy for Great Falls homes for sale to the levels that my team does when helping people buy and sell Arlington real estate. We serve the real estate needs of our buyers with passion.
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