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Welcome! Here You Can Find Great Information on Portland, Lake Oswego, West Linn, Tualatin, Tigard, & Wilsonville, Oregon Real Estate

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Just looking for local information on Lake Oswego, Portland, and West Linn, OR? Check out the "About My Towns" page under the Local Info tab.

Curious about Portland school districts? You can access the most recent school report cards from the Oregon Department of Education by clicking on the "Local School Info" page, also under the Local Info tab.

And, as always, if you have a more detailed question about Portland Metro Area Real Estate, give me a call at 503-453-3092 or email me at Lois@LoisMiesbach.com!

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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	Where is the world's largest wine cellar, and how big is it?
A	A company in the center of the wine-growing district of South Africa has a cellar that covers an area of 54 acres and has a capacity of 27 million gallons.
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Lois Oliver-Miesbach, REALTOR®, real estate agent and broker for Lake Oswego, Portland and West Linn, Oregon home listings, property and land for sale - NUMBER1EXPERT(tm)

Lois Oliver-Miesbach MBA, CPA, Principal RE Broker
Real Estate by Lois & Hill
4800 SW Meadows Rd
Lake Oswego, OR 97035
Cell/Voice Mail: 503.453.3092
Fax: 888.453.2820
Lois@LoisMiesbach.com

You will find that Lois Oliver-Miesbach's commitment to you and your real estate goals will be performed with knowledge, integrity and dedication. That’s why more than 70% of business is from past clients and referrals!

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