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Steps to Sell a House by Owner in Alaska Price Your Home for Sale. Prep Your House. Market Your Property. Manage Showings. Review, Compare, and Negotiate Offers. Close the Sale with a Professional.

Who holds earnest money? Earnest money is typically held by a third party in an escrow account. The money remains in the account while both parties complete the terms of the contract. At closing, the funds are returned to the buyer and are often applied to the down payment or closing costs.

Earnest money, or good faith deposit, is a sum of money you put down to demonstrate your seriousness about buying a home. In most cases, earnest money acts as a deposit on the property you're looking to buy. You deliver the amount when signing the purchase agreement or the sales contract.

The Alaska purchase agreement allows a buyer to submit an offer to the seller. It will be considered a legally-binding contract if both parties agree to the sale price and contingencies. The contract typically includes an earnest money deposit sent to the real estate agent's escrow account upon acceptance.

On March 30, 1867, the United States reached an agreement to purchase Alaska from Russia for a price of $7.2 million. The Treaty with Russia was negotiated and signed by Secretary of State William Seward and Russian Minister to the United States Edouard de Stoeckl.

The earnest money can be held in escrow during the contract period by a title company, lawyer, bank, or broker?whatever is specified in the contract. Most U.S. jurisdictions require that when a buyer timely and properly drops out of a contract, the money be returned within a brief period of time, say, 48 hours.