What Happens to my deposit when buying a home?
Is it returned to me?
Is is a fee?
Do I get it back?
Should I just ignore it and let the lawyer take it?
What Happens to my Deposit When Buying a Home?
When buying a home in Maryland DC or Virginia ..
It is customary for a deposit to go along with the offer, Your Realtor should direct you on this.
Your deposit is a sign of good faith that you; the Buyer will go through with the deal and close as intended.
This deposit is usually held in the listing brokers trust account or a title company where the sale will take place. .
We embrace technology and take the steps necessary to provide educational videos for all our clients..
An educated buyer for us provides with the foundation towards a successful transaction.
Check this video and see what really happens to your deposit. .
We hope that our videos could help you be prepared for different and unique situations that you may encounter when you're purchasing Real Estate in today's market.
Our experience is one of the values we can offer to you.
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