Cooper Carlson - Homesbycooper

Happy Flag Day! Proud to be an American!!

| ᴍᴏᴛɪᴠᴀᴛɪᴏɴᴀʟ ᴍᴏɴᴅᴀʏ

🇺🇸 for the red, white and blue.

In this hot real estate market, everyone wants to know how much their home is worth. What’s YOUR home worth? Find out how much you could profit from a sale!
Visit www.homevaluebycooper.com today to receive three automated estimates!

It's FAQ Friday! Let's talk about earnest money 💰:

Earnest money is a deposit made to a seller that represents a buyer’s good faith to purchase their home. Typically, the earnest money is deposited into an escrow account representing that the buyer is acting in good faith as the buyer applies for financing, reviews title, orders inspections, etc.

Earnest money is negotiable between the buyer and the seller and ranges from 1-10% of the purchase price. If the buyer fails to perform to the terms of the purchase agreement, the earnest money may be in jeopardy and forfeited to the seller.

If, however, the buyer terminates the purchase agreement for legal cause, then the earnest money shall be refunded to the buyer.

At the time of closing, the earnest money will be used as a credit toward the buyer’s down payment and closing costs.

For any other questions regarding earnest money or the home buying process, shoot me an email at [email protected] 🏡