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Archive for August, 2010

Who should hold Earnest Money?

J. Andrew English J. Andrew English
Friday, August 20th, 2010

I am a devoted believer in escrow officers holding earnest money. I always have and always will be.  In some states like Nevada, earnest money is always held by a 3rd party escrow office. On the contrary, in states like Nebraska and Colorado, it is quite common for earnest money to be deposited into the broker trust account.  As a seller, you typically do not want earnest money held by the broker representing the buyer. Given a choice, I would recommend to our sellers to request all earnest money be held by a 3rd party escrow office. This eliminates any concern of the broker representing the buyer holding the good faith money, should any conflict arise at a later time.

Wasatch MLS requiring a Min of 6 photos now

J. Andrew English J. Andrew English
Friday, August 6th, 2010

Wasatch MLS is now requiring every SFR listing to have at least 6 photos. If you are a current Congress Realty seller and have less than 6 photos posted, please email your additional photos to english@congressrealty.com and we will add these for you at no cost.