Protect Your Deposit When Buying Real Estate, REAL ESTATE AGENTS MISSION VIEJO, HOMES FOR SALE MISSION VIEJO, REALTORS MISSION VIEJO, REAL ESTATE AGENTS LAGUNA NIGUEL, HOMES FOR SALE LAGUNA NIGUEL, REALTORS LAGUNA NIGUEL, REAL ESTATE AGENTS IRVINE, HOMES FOR SALE IRVINE, REALTORS IRVINE, REAL ESTATE AGENTS, HOMES FOR SALE, REALTORS
 

REAL ESTATE AGENTS MISSION VIEJO, REALTOR, REAL ESTATE BROKER
MISSION VIEJO, LAGUNA NIGUEL, IRVINE, RANCHO SANTA MARGARITA, COTO DE CAZA
HOMES FOR SALE, FIRST TIME HOME BUYER FHA, GRANTS, LOANS, TAX CREDIT, BAD CREDIT, LOCATION INFORMATION,
CUSTOM HOMES, FORECLOSURES,
BUYERS AGENT, SELLERS AGENT, INVESTMENTS, CONDOS, BUY A HOME, HOME FINANCING
_____________________________________________________________________________________________
"Personalized Home Buying Service You Can Trust -
GOING THE EXTRA MILE!"

(949)707-4329
Call Today!

Email:
Begin@MissionViejoRealEstateAgents.com
Services: Homes For SaleBuy A HomeFHAFirst Time BuyersGrantsHome LoansForeclosuresLocation ExpertGreat Deals
 
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MISSION VIEJO

REAL ESTATE
AGENTS

.com


Molly Peterson
Real Estate Broker
Regency Real Estate
25950 Acero, Ste. 100,
Mission Viejo, CA 92691

Phone: (949)707-4329

EMAIL:
Begin@MissionViejo
RealEstateAgents.com

 

This Business was Awarded

Best in Business

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REAL ESTATE AGENTS MISSION VIEJO, HOMES FOR SALE MISSION VIEJO, REALTORS MISSION VIEJO, REAL ESTATE AGENTS LAGUNA NIGUEL, HOMES FOR SALE LAGUNA NIGUEL, REALTORS LAGUNA NIGUEL, REAL ESTATE AGENTS IRVINE, HOMES FOR SALE IRVINE, REALTORS IRVINE, REAL ESTATE AGENTS, HOMES FOR SALE, REALTORS, Grants, Loans, FHA, Tax Credit, Bad Credit, Economy, Information about the small towns they want to live in, Economy, Orange County Real Estate Market, What is A Bank Owned Property, What is Foreclosure, What is a Short Sale, What is an REO,Listing Agent, First Time Buyer, Relocation, Market Analysis, Out of State Research, College housing investment, High School housing investment, Parents buying homes for kids, Properties for Investments, Tax savings and taxes paid, custom homes, lots, land, Mission Viejo Area Specialist, Buyers Agent, Sellers Agent, Investments, Agent Irvine, Irvine Real Estate, Laguna Niguel Real Estate Agents, Laguna Niguel Real Estate, Mission Viejo Real Estate Agent Online , South Orange County, Mission Viejo, Rancho Santa Margarita, Lake Forest, Foothill Ranch, Las Flores, Ladera Ranch, Trabuco Canyon, Silverado Canyon, Laguna Niguel, Agent Irvine, Irvine Real, Laguna Niguel Real Estate Agents, Laguna Niguel Real Estate, Mission Viejo Real Estate Agent Online, Mission Viejo, 92690, 92691, 92692, Rancho Santa Margarita 92688, Lake Forest, 92630, Foothill Ranch, 92610, Las Flores 92688, Ladera Ranch, 92694, Trabuco Canyon, 92678, 92679, Silverado Canyon, 92676, Laguna Niguel, 92607, 92677, Irvine, 92602, 92603, 92604, 92606, 92612, 92614, 92616, 92617, 92618, 92619, 92620, 92623, 92650, 92697, 92709, 92710

Molly Peterson is a Regency Real Estate Full service real estate broker. Regency Real Estate Brokers Inc. is centrally located in Mission Viejo. Molly Peterson has lived and worked in South Orange County for over 20 years. She specializes in guiding first time buyers down the road to home ownership and works with those selling their homes as well. One of our specialties is in first time home buyer program, getting incredible financing deals and properties. Molly Peterson puts her clients needs and wants first. "Going the Extra Mile! "Irvine California Real Estate | Homes in Woodbury, Woodbridge, Turtle Rock, Turtle Ridge, Shady Canyon, Northwood, Northpark, Portola Springs, specializes in representing buyers and sellers of Irvine, California real estate, Selling or buying a home in Laguna Niguel. We only specialize in Laguna Niguel property, Laguna Niguel Real Estate, find homes in Laguna Niguel. Sell your home in Laguna Niguel, Mission Viejo real estate agent providing comprehensive knowledge and personalized attention to every detail while respecting the confidentiality of our clients

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How do you become famous?
Helping people! Changing their lives and making a difference in their lives.
Loving them... Eric Brenn


 

_______________________________________________________________________________________
Protect Your Deposit
When Buying Real Estate

When you start the process of buying a home or any type of real estate, you'll no doubt hear the term "earnest money deposit" (EMD). So what exactly is an EMD?

An EMD becomes relevant when you are ready to make an offer on a property. In most states, your Real Estate Agent prepares the offer on your behalf. The offer usually takes the form of a written contract that is submitted to the seller by way of their agent.

In addition to the offer document, sellers typically expect an EMD. An EMD is a monetary deposit submitted via check to demonstrate to the seller that you are a serious buyer. In some regions of the country, only a photocopy of the check is submitted with the offer, and the original check is delivered to the appropriate entity if the offer is accepted. Ask your Real Estate Agent to clarify how deposits are handled in your region of the country.

The check is usually made out to an independent third- party such as a Title Company, Escrow Company, Real Estate Attorney or your Real Estate Broker. Ask your Real Estate Agent to clarify who will hold the EMD.

The amount of the EMD sellers expect varies by region. The EMD amount is based on the customs and practices for a region, but is generally from 1% to 2% of the purchase price. In a competitive market place where demand exceeds the supply of homes, some buyers may offer a higher EMD than expected to impress the seller of their intent. In determining the amount of your EMD, consult your Real Estate Agent and balance the need to demonstrate your serious intent, against the good business practice of minimizing the deposit amount.

The amount of the EMD is usually applied to reduce the purchase price of the property or to cover closing costs, as you dictate. For example, if you are purchasing a $300,000 property and you give an EMD of $3000, then the remaining balance owned at closing is $297,000 (plus closing costs). Alternatively, you may direct that the EMD be applied toward the closing costs.

Once a valid contract for purchase is created, an independent third-party usually holds the EMD until the purchase is either completed or canceled. At this point, the money belongs jointly to both the seller and the buyer.

In cases where you make an offer that is accepted but later decide to cancel the offer, the terms specified in the contract (or state law) will dictate if, and under what circumstances, the EMD is returned to you. Be aware that you could loose your deposit if you do not not comply with the terms of your contract. Your Real Estate Agent can provide you information about how EMDs are dealt with if a contract is canceled.

Since state law varies by region and practices can differ even within the same state, be sure to consult your Real Estate agent about the rules that apply to EMDs in your region of the country. You should also be aware that the EMD is not related to any down payment that you make toward your home loan.
 

REAL ESTATE AGENTS MISSION VIEJO, REALTOR, REAL ESTATE BROKER
MISSION VIEJO, LAGUNA NIGUEL, IRVINE, RANCHO SANTA MARGARITA, COTO DE CAZA
HOMES FOR SALE, FIRST TIME HOME BUYER FHA, GRANTS, LOANS, TAX CREDIT, BAD CREDIT, LOCATION INFORMATION,
CUSTOM HOMES, FORECLOSURES,
BUYERS AGENT, SELLERS AGENT, INVESTMENTS, CONDOS, BUY A HOME, HOME FINANCING
_____________________________________________________________________________________________
"Personalized Home Buying Service You Can Trust -
GOING THE EXTRA MILE!"
(949)707-4329
Call Today!

Email:Begin@MissionViejoRealEstateAgents.com
Services: Homes For SaleBuy A HomeFHAFirst Time BuyersGrantsHome LoansForeclosuresLocation ExpertGreat Deals

MISSIONVIEJOREALESTATEAGENTS.COM
REALESTATEMISSIONVIEJOIRVINELAGUNANIGUELRANCHOSANTAMARGARITAMLS.COM

This Business was Awarded - TOP in Business, Orange County CA, Visit: OrangeCountyCABusinessDirectory.com

Copyright © Regency Real Estate, 25950 Acero, Ste. 100, Mission Viejo, CA 92691


How do you become famous?
Helping people! Changing their lives and making a difference in their lives.
Loving them... Eric Brenn


REAL ESTATE AGENTS MISSION VIEJO, HOMES FOR SALE MISSION VIEJO, Realtors MISSION VIEJO, REAL ESTATE AGENTS LAGUNA NIGUEL, HOMES FOR SALE LAGUNA NIGUEL, Realtors LAGUNA NIGUEL, REAL ESTATE AGENTS IRVINE, HOMES FOR SALE IRVINE, Realtors IRVINE, REAL ESTATE AGENTS, HOMES FOR SALE, Realtors, Grants, Loans, FHA, Tax Credit, Bad Credit, Economy, Information about the small towns they want to live in, Economy, Orange County Real Estate Market, What is A Bank Owned Property, What is Foreclosure, What is a Short Sale, What is an REO,Listing Agent, First Time Buyer, Relocation, Market Analysis, Out of State Research, College housing investment, High School housing investment, Parents buying homes for kids, Properties for Investments, Tax savings and taxes paid, custom homes, lots, land, Mission Viejo Area Specialist, Buyers Agent, Sellers Agent, Investments, Agent Irvine, Irvine Real Estate, Laguna Niguel Real Estate Agents, Laguna Niguel Real Estate, Mission Viejo Real Estate Agent Online , South Orange County, Mission Viejo, Rancho Santa Margarita, Lake Forest, Foothill Ranch, Las Flores, Ladera Ranch, Trabuco Canyon, Silverado Canyon, Laguna Niguel, Agent Irvine, Irvine Real, Laguna Niguel Real Estate Agents, Laguna Niguel Real Estate, Mission Viejo Real Estate Agent Online, Mission Viejo, 92690, 92691, 92692, Rancho Santa Margarita 92688, Lake Forest, 92630, Foothill Ranch, 92610, Las Flores 92688, Ladera Ranch, 92694, Trabuco Canyon, 92678, 92679, Silverado Canyon, 92676, Laguna Niguel, 92607, 92677, Irvine, 92602, 92603, 92604, 92606, 92612, 92614, 92616, 92617, 92618, 92619, 92620, 92623, 92650, 92697, 92709, 92710

Molly Peterson is a Regency Real Estate Full service real estate broker. Regency Real Estate Brokers Inc. is centrally located in Mission Viejo Molly Peterson has lived and worked in South Orange County for over 20 years. She specializes in guiding first time buyers down the road to home ownership and works with those selling their homes as well. One of our specialties is in first time home buyer program, getting incredible financing deals and properties. Molly Peterson puts her clients needs and wants first. "Going the Extra Mile! "Irvine California Real Estate | Homes in Woodbury, Woodbridge, Turtle Rock, Turtle Ridge, Shady Canyon, Northwood, Northpark, Portola Springs, specializes in representing buyers and sellers of Irvine, California real estate, Selling or buying a home in Laguna Niguel. We only specialize in Laguna Niguel property, Laguna Niguel Real Estate, find homes in Laguna Niguel. Sell your home in Laguna Niguel, Mission Viejo real estate agent providing comprehensive knowledge and personalized attention to every detail while respecting the confidentiality of our clients

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