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<Back to Page 1			Property 78 of 87 Selections

1210 White Oak Road, Mahomet

$335,000

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Address: 1210 White Oak Road	City/ST: Mahomet, IL	Zip Code: 61853
Property Type: Single Family Home	New or Resale: New	Square Footage: 2766
Bedrooms: 3	Bathrooms: 3	MLS# 2100738

Beautiful quality new home by Armstrong Construction. This lovely ranch features three bedrooms & three full baths on a partially finished basement, which offers space to finish a fourtth bedroom, plus plenty of unfinished storage space. Covered porch welcomes you, large foyer opens into great room w/ fireplace, Master Suite with sitting area, walk-in shower & separate tub, separate laundry room with storage cubbies by garage entry, great wood deck off of Breakfast area.

Last Updated: 2/15/2010 11:56:35 AM

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Making An Offer >Keeping Your Earnest Money Safe

When you make an offer on a house, it is accompanied by an earnest money check. Earnest money is intended to demonstrate that you are "in earnest" about purchasing the property. The earnest money check is made out to the listing company. What happens to this check?

The party holding the check acts as an escrow agent until you go into closing. At that time you will receive credit for the amount of your check against the down payment and closing costs. Real estate brokers are required by law to keep escrow funds in a special account. These funds cannot be used to pay any other expenses associated with the sale. If you don't complete the transaction, the purchase contract determines the disposition of your earnest money funds. Be sure to review this part of your contract with the real estate agent.

If you are in default on your agreement, the funds may go to the sellers, so be sure that you understand the deadlines in order to avoid breach of contract and forfeiture of your deposit. If you have any questions, be sure to ask your real estate agent for advice.

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Q	What is encroachment, and how might it affect a property owner?
A	Encroachment, refers to the unauthorized intrusion of a building or improvement onto another person's property; it often requires a surveyor's report to support the claim.
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Russ Taylor, REALTOR�, real estate agent and broker for Mahomet, Champaign and Urbana, Illinois home listings, property and land for sale - NUMBER1EXPERT

Russ Taylor
RE/MAX Realty Associates
116 S. Lombard
Mahomet, IL 61853
217-898-7226
Fax: 217-586-3774
russtaylor@NUMBER1EXPERT.com

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