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Lisa Herrington & Associates is one of The Top Selling Real Estate Experts™
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Welcome to Lisa Herrington's website, where you can find the latest information about real estate in Anchorage, Alaska. It’s a sellers market in Anchorage these days. The city is experiencing a tight housing inventory, limiting the number and choices for buyers. The low inventory is sometimes resulting in multiple offers on properties, which can drive up the asking price. I am a lifelong Alaskan with more than 25 years of experience as a licensed Realtor in Anchorage. I know the challenges newcomers face when relocating to Alaska’s biggest city, from choosing the right neighborhood to making new friends, and I've helped hundreds of families make the move. I'd be honored to help you, too. Just give me a call or drop me an email Lisa Herrington & Associates
(907) 229-6822
lisah@pobox.alaska.net
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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Lisa Herrington & Associates
Dynamic Properties
255 E. Fireweed, Suite 102
Anchorage, AK. 99503
Phone: 907 646-0525
Cell: 907 229-6822
Fax: 907 279-8234
Email: lisaherrington@NUMBER1EXPERT.com
Lisa Herrington has more than 25 years of experience as a licensed Realtor in Anchorage, Alaska. She knows the challenges newcomers face when moving to Alaska’s biggest city, from choosing the right neighborhood to making new friends, and she has helped hundreds of families relocate to Anchorage.   
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