Sisters, Sunriver and Bend Oregon real estate listings, home buying, selling and relocation information

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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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Q	What is the world's most capacious building?
A	The Boeing Company's main aircraft assembly plant in Everett, Washington, has been expanded to a capacity of 13.4 million cubic meters, or 473 million cubic feet.
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Debbie Tebbs, REALTORŽ, real estate agents and broker for Sisters, Sunriver and Bend Oregon home listings, property and land for sale - NUMBER1EXPERT(tm)

Cushman & Tebbs Sotheby's International Realty
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
650 SW Bond St. Suite 100
Bend, OR. 97702
Toll Free: 800-382-7690
Direct: 541-383-7600
Fax: 541-383-3940
Email: info@sothebysrealty.com
Sothebys International RealtyŽ brokers have a long history of exceeding the expectations of the worlds most discerning buyers. Since the founding of the Sothebys auction house in 1744, the Sothebys name has earned renown as a marketer of the worlds most valuable and prestigious possessions. The tools and techniques the Sothebys International RealtyŽ brokers have developed to successfully sell grand estates are equally effective for selling fine properties in all price ranges. Sothebys International RealtyŽ brokers have been involved in many record-setting and historic real estate transactions. Our brokers have years of experience in the Central Oregon area. We are proud to be affiliated with our markets top producers. We currently list over $50,000,000 in regional properties at an average price of $1,065,864 and produce an average of $92,000,000 in dollar volume sales each year. Cushman & Tebbs is not only separated by our people and our Sothebys International RealtyŽ affiliation, but is unique in offering the marketing tools presented in the following pages to our clients.

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