She is bright, friendly, cheerful, and gifted!
I chose her not only for that, but for her knowledge of this mountain area where she has lived for many years.
Nancy Brown
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Greetings From The High Country ! 828-262-1836 ext. 19.

Professional Resume: Boone, Blowing Rock and Banner Elk North Carolina home buying, real estate listings, and homes for sale in Watauga County, NC

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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 a Balloon Mortgage?
A	A balloon is a short-term mortgage which requires the entire balance of the loan to be re-paid at the end of the loan term.
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Marty Rice, REALTORŽ, real estate agent and broker for Boone, Blowing Rock and Banner Elk North Carolina home listings, property and land for sale - NUMBER1EXPERT(tm)

Marty Rice
Coldwell Banker Blair and Associates
2408 Highway 105 South
Boone, NC, 28607
TOLL FREE: 800-473-2653
OFFICE: 828-262-1836
MOBILE: 828-773-1874
DIRECT:: 828-264-8000
MartyRice@bellsouth.net
I can make your move to The High Country a great experience whether you are an investor, family, or young professional!

If you are an App State parent looking to purchase student housing, call me for expert advice on how to get into a townhouse with a low down payment plus closing costs.

If you are looking for a seasonal home, count on me to find you the vacation communities that cater to your interests!

If you are moving your family here, count on me to find you the perfect home and get you acquainted with the community.

I have lived and been involved in The High Country since 1979 - raised my family here. I know the doctors, attorneys, schools, churches, and all the sports teams!

Let me be your "High Country Connection" to acquaint you with our beautiful Blue Ridge Mountain community!

Are you planning to sell? I will customize a Comparative Market Analysis just for you. My skill at pricing homes, marketing strategies, commitment to service and communication has helped sell my homes in record time. Just call or email me I would love to make your next move the best youve ever made!

Marty Rice -Licensed North Carolina Realtor

www.MartyRice.com is brought to you by Marty Rice
NUMBER1EXPERT™ in real estate for Boone, Blowing Rock and Banner Elk, North Carolina

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