Earnest Money

When you submit a contract, you must deposit earnest money with your agent  in an amount of $500 for sale price of $50,000 or less and  $1,000 for sale price greater than $50,000. If you know your transaction will not close, your agent must notify us as soon as possible so the home can be returned to the market. You may have to forfeit all or part of the earnest money if the sale does not close. If the sale is to an owner-occupant and does not close due to circumstances beyond their control, the money may be returned. Please review the earnest money policy for your area with your broker before you place a bid on a home.