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Step 9 to Buying a Home: Earnest Money

Now that your offer has been accepted by the seller and we have an executed contract, it’s time to drop off your earnest money deposit. Earnest money checks usually need to be dropped off within 5 calendar days of contract execution. So, what is earnest money? Earnest money is similar to a security deposit that you pay when moving into a rental.  It is money held in escrow, usually at the listing brokerage, to show good faith that you as the buyer are moving forward in the contract.  IF, for any reason, you would terminate the contract for a non-contractual reason, the seller would be entitle to keep your earnest money as compensation for time and costs incurred.

We will email you exactly how much your earnest money check should be made out for, who it should be made out to and where it should be dropped off.  In the “For “line of your check, put the property address. Put the check in an envelope, but don’t seal it. On the outside of the envelope write “Earnest Money-Property Address” and your name. Generally the check is dropped off at the office of the seller’s Realtor.  Try to go during normal business hours to drop it off as you’ll need to get a receipt. When you get there, ask the receptionist to give you an earnest money receipt which you then need to email to me and your lender. Once you’ve been given a receipt, go ahead and seal the envelope with the check in it and give it to the  receptionist.  In addition, please text me (717.963.0016) after you’ve dropped off the check so we can let the seller’s Realtor know it’s been dropped off.

If you go after normal business hours or if the office is very small, there may not be a receptionist. Instead the door may be locked. If this is the case, look near the front door for a drop box where earnest money checks can be safely left.

As a reminder, your earnest money check amount will be deducted from your final down payment and needs to be dropped off within 5 calendar days after contract execution.

If you have questions, call or text me at 717.963.0016.

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Gina Casner

In 2016, I began my tenure in real estate as a licensed Executive Assistant for a leading real estate training coach and subsequently for high-producing real estate teams. I very quickly fell in love with real estate and by 2019, I transitioned into personally helping clients turn their dreams into keys. After dozens of transactions, I have been dubbed the “unicorn hunter,” finding out-of-the-box solutions for clients looking for a home with unique requirements. In addition to managing my real estate practice, I am involved in providing community education on responsible home ownership through my exclusive Path to Home Ownership workshop series. I also am the founder of Chronically Strong, an organization that promotes mental health awareness and suicide prevention in our local communities. I take a holistic and individualized approach to real estate. Buying or selling a home in Central PA can be complex, sophisticated and often a deeply personal endeavor. Your experience should mimic the high level of customer service all of my clients have, while being very specific to your own individual needs. I work with a team of experts to provide a full, complete experience that only a cohesive team can consistently provide. Working with us, you will be given personal attention in every aspect of your home buying and selling experience with the professionalism and consistency of a thoughtful business model. And yes, superior results will follow! On a personal note, I attribute my success not only to my passion for helping clients execute on their next “big move”, but also to my knowledge regarding the psychology of buying and selling. My clientele works in diverse industries with an emphasis on technology, finance, medicine, law, and business. My real estate practice has grown successfully and consistently thanks to the repeat business of happy clients and their introductions to friends, family and neighbors. This track record is only possible because we deliver both results AND an enjoyable experience. Growing up, my family moved frequently all across the continental U.S., but you will hear me say that I am from California because that is the longest place that I lived during my formative years. Moving became a way of life for my family and each place I lived became a part of my story. It taught me that our home truly is the foundation of everything in our lives, and it is this belief that compels me to work hard for my clients when they are buying or selling their home. In many ways, our home becomes a part of our identity, an identity and memory that should be honored. I have been accused of being tenacious and super honest. I like to win (for my clients) but do so with a calm demeanor and a smile. I live in a raised ranch home in Lower Paxton Township with my main squeeze, my teenage son, and our very spoiled dog, Ginger. I have mad faith, and truly believe that each and every one of us is capable of great things. I graduated from Penn State University with a Bachelors’ in Sociology. There is a running joke in my family that every day I go to real estate school because every day my clients teach me something new. I continually invest time, money and thought into the latest sales, marketing and negotiation techniques. Why? Because I believe that you deserve to have the best working for you. I want to live life on my own terms, and am committed to helping you do the same. Would you like to work together? Please reach out. I look forward to hearing from you! Gina

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