What Happens to my deposit when buying a home in Maryland?

By
Real Estate Broker/Owner with Maxus Realty Group - Broker 301-246-0001 Broker - Realtor - CEO

 

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.

 

 

                                                                             

Herboso & Associates LLC

  

301-246-0001

Our  real estate knowledge is always up-to-date. For expertise you can depend us, call us when you have questions about the market or are ready to make a significant move. . .Quality representation is not expensive, its priceless!
 
 MD, DC and VA Listing Property 
© 2011 - All Rights Reserved
 

homes help

 
 

Buying a Home is Like Dancing

(You Can't Do it By Yourself!)  

 

WATCH MORE EDUCATIONAL VIDEOS FOR HOMEBUYERS HERE

 

READY ____SET_____BUY!


What Happens to my deposit when buying a home? 

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Topic:
Home Buying
Location:
Maryland
Groups:
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Tags:
homeownership
affordable housing
first time buyers
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low income housing
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Rainer
27,170
Jackie Vaughan and Patrick Smith, Howard County,Maryland
The Jackie Vaughan Team - Columbia, MD
The Jackie Vaughan Team
Nice to meet an experienced realtor
Jan 25, 2013 07:15 AM #1
Rainmaker
848,657
Bob Miller
Keller Williams Cornerstone Realty - Ocala, FL
The Ocala Dream Team
Hi Fernando, great post and very few buyers understand this.
Jan 25, 2013 07:16 AM #2
Rainmaker
2,114,183
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Fernando,

You do such a great job explaining things to your buyers and prospective buyers.

That's why you are a HUGE success!

We can never take things for granted and buyers are looking up to us for guidance and answers.

You have a calm way of explaining things in a way that's easily understood. You don't complicate things, you talk in a way first time buyers, or even second time buyers can understand.

 

Jan 25, 2013 07:59 AM #3
Rainmaker
3,249,686
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Fernando

Very helpful video regarding deposits on buying a home in Maryland . . . . thanks for sharing the information.

Good luck and success.

Lou Ludwig

Jan 25, 2013 08:53 AM #4
Rainmaker
4,432,583
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Anyone looking to buy a home in your area should call you to be their buyer agent.

Jan 25, 2013 08:34 PM #5
Ambassador
2,034,372
Fernando Herboso - Broker for Maxus Realty Group
Maxus Realty Group - Broker 301-246-0001 - Gaithersburg, MD
301-246-0001 Serving Maryland, DC and Northern VA

Thank you for stopping by. .

Jan 25, 2013 08:49 PM #6
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Fernando Herboso - Broker for Maxus Realty Group

301-246-0001 Serving Maryland, DC and Northern VA
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