earnest money: Home Buying Tip of the Day--How Much Earnest Money Do I Need?
- 05/19/14 07:15 AM
Writing an offer on a home is an exciting time whether it is a first time buyer or someone who has purchased a home previously. Going through the offer raises many questions, one of the most important is about earnest money and how much should be written into the offer. So what exactly is earnest money and how much does a homebuyer need? Today’s Real Estate Term is: Earnest money The funds that a buyer submits with their offer or purchase agreement to demonstrate to the seller their seriousness about buying the property. It should be an amount sufficient … (1 comments)
earnest money: First Time Homebuyer’s Word of the Day is Earnest Money
- 09/06/12 12:48 PM
In an episode of Cash Cab, a television quiz show that takes place in the back seat of a New York City taxicab, a family was stumped by the acronym, FSBO. This is a often term used in real estate to describe a person selling their home by owner (For Sale By Owner). As a REALTOR® I was a bit surprised that such a simple term I use everyday would be unknown to so many. But then it got me thinking of all the times a glazed look came over a buyer’s eyes when I talked about escrow or earnest money. … (1 comments)
earnest money: First Time Homebuyer’s Real Estate Word of the Day is Earnest Money
- 07/27/12 06:17 AM
It may be hard to believe that the acronym FSBO could stump a game show contestant. But in an episode of the Emmy award winning television show, Cash Cab, a taxi full of New Yorkers couldn't come up with the answer. FSBO is a often term often used in the real estate world to describe a person selling their home by owner (For Sale By Owner). As a REALTOR® I was surprised that such a simple term I use everyday would be unknown to so many. But then it got me thinking of all the times a glazed look came over … (3 comments)
earnest money: First Time Homebuyer’s Real Estate Glossary--Topic for Today is Earnest Money
- 09/13/10 03:17 AM
In a recent episode of the Emmy award winning television show, Cash Cab, several people with stumped by the acronym, FSBO. This is a often term often used in the real estate world to describe a person selling their home by owner (For Sale By Owner). As a REALTOR® I was a bit surprised that such a simple term I use everyday would be unknown to so many. But then it got me thinking of all the times a glazed look came over a buyer’s eyes when I talked about escrow or earnest money. These can easily be confused with other … (28 comments)
earnest money: The Importance of Being Earnest with Earnest Money
- 01/22/09 02:13 AM
Oscar Wilde's popular Victorian play has nothing to do with earnest funds but lends a fun intro to a very important topic when buying a home. To be earnest, you show eagerness, intent or seriousness. That definition alone should indicate the role of earnest money in a real estate transaction. Whether considering an 1890's Victorian farmhouse or a newly constructed split-level home, it is important to be earnest when deciding what the correct amount would be to give as earnest funds with the offer to purchase a home. When buying a home, the words used can often be confusing. Home buyers … (15 comments)
earnest money: Home Buying 101: How Much Earnest Money Do I Need?
- 04/23/07 09:24 AM
Every home buyer loves the process of visiting homes and finding that perfect place to call home. Sitting down and writing the offer is not always as much fun! For many people, the process of buying a home is something they go through only once or twice in a lifetime. New terms and questions come are the norm as the purchase agreement is prepared. As a Realtor in the northeast Twin Cities metro, whether I am working with first time buyers, move-up buyers or empty-nesters, one question always stops the process for a moment of discussion. How much earnest money are … (0 comments)
Theresa "Teri" Eckholm/Boardman Realty assists Minnesotans to find their way home with helpful tips and quality service. Dedication to customer service has made Teri the REALTOR® of choice for families in Blaine, Forest Lake, Ham Lake, Lino Lakes and Wyoming areas. Licensed in MN.
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