Provo, Orem, Sundance and Alpine Utah real estate listings, home buying, selling and relocation information

All agents are NOT alike! Find out why we are top real estate experts. Call us: 801-225-HOME (4663).

Buyers Want Your Home for as Little as Possible.
Are you thinking of selling your home? You should know exactly what it's worth before making such an important decision.
Find Out More >
View All Offers >

"...best service."
"We have the best service. It's excellent."
Richard & Carmelita
Read Quote >
View All Quotes >

Compare three mortgages at one time. Download TripleCalc now. It's free.

Find Out More >
Download Now >

The Masters Group are some of The Top Selling Real Estate Experts™
Find Out More >

*Your Name:
*Your Email Address:
Send Latest Listings:
Send Latest News:
Your Message or Comments:

* Please note that fields marked with an asterisk are required.

Quick Response Guarantee >
We Guarantee Your Privacy >
Free & Without Obligation >

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.

	See All Tips In The "Making An Offer" Category >
	See Complete Library Of Hundreds Of Tips In 30+ Categories >

Q	What is the only land in the world that has not been walked on by human feet?
A	A small 200 square-mile section of Antarctica is the only terrain on Earth that not one person has stepped foot on.
See More Real Estate Trivia >

Coming Soon!
Find Out More >

The Masters Group, REALTOR®, real estate agents and broker for Provo, Orem, Sundance and Alpine Utah home listings, property and land for sale - NUMBER1EXPERT(tm)

The Masters Group
Coldwell Banker Residential Brokerage
354 West Center Street
Orem, UT. 84057
801-225-HOME (4663)
801-362-4888
Fax: 801-434-5101
Email: paul.ogden@utahhomes.com
When Real Estate involves more than just houses and signs and guesswork, associate broker, J. Paul Ogden, takes the baton of leadership and results. Paul and The Masters Group handle every client’s needs as a specialty and a mission. Eighteen years of concerted real estate practice and an additional 21 years of high performance marketing experience puts Paul at the top of his Buyers’ and Sellers’ satisfaction rankings.

www.TheMastersGroup.net is brought to you by The Masters Group
NUMBER1EXPERTS™ in real estate for Provo, Orem, Sundance and Alpine, Utah, Mountain Homes and Development Land

Read our Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge