Getting an offer accepted is definitely one of the most exciting parts of the process when you’re buying a home - so congratulations, you’re now well on your way to owning your very own home!
Now things get really serious, but if you follow these suggestions (and your realtor’s advice), closing will go as smoothly as possible.
You have been asked to give a deposit check with your offer, make sure that there are sufficient funds in your account to cover this check which gets cashed upon acceptance of your offer.
The deposit check may be held by an attorney or in the broker’s trust account and forms part of your total purchase price. Assuming the sale goes through, this money will be applied to the purchase price of the home.
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