Buy with Residential Seattle

Touring Homes

» Tour your favorite homes

» Tour as many homes as you wish

» Home Touring checklist

Buying a home

» Getting pre-approved

» First Time Buyer Special

» Putting together your offer

» Earnest Money

» Closing the sale

First Time Buyer Program

» Our First Time buyer program

» $7500 Tax Credit for first time buyer

» Contact Us

George Beasley 206-617-4758

Randall O'Dowd 206-276-3008

There is a bit of art and psychology in writing a strong offer. Having a pre-approval from a lender and strong earnest money helps the seller take your offer seriously. We will review various strategies before we write an offer to purchase. I will negotiate the best price and terms possible when presenting your offer.

Randall O'Dowd

Realtor

Buying a Home

EARNEST MONEY AND HOW IT WORKS

Earnest money is essentially money put up front with an offer to purchase a home that shows your are serious about purchasing the home. The amount of earnest money varies but we recommend up to 3% of the purchase price of the home. This money is applied to the purchase price of the home at closing. The money is placed in an escrow account and will be refunded to you if the sale fails on a contingency. If you fulfill all of the contingencies in the contract, and then prior to closing terminate the contract you are putting this earnest money at risk.

The seller must take the home off the market after he accepts your offer. The earnest money ensures the seller that you are serious about closing the sale.

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Kudos:

"We love the new place, started moving stuff in already. But really, you made this whole process a lot better. We had everyone recomending friends, and others to do this for us. And from that first time you showed us the place, I just felt you were great, and I felt like we really didn't need to look any further for a great agent. Ellen agreed, and I have to say, you didn't meet our expectations, you exceeded them. All of your advice and insight in every step of this process was so valuable to us. Being first time buyers, we didn't know a whole lot about this process, but in your hands, it really wasn't a scary process. You were there for us as an agent, but if felt like you were there as a good friend with honest knowledgable advice, thats what I think I valued the most. We'll have to have you over for dinner sometime, it would truly be our honor" :)
~Rory and Ellen, Seattle

George Beasley

206-617-4758
george@residentialseatle.com