AUGUST 2024
P ub l is h e d o n t h e l a s t S a t u r d a y o f eve r y mo n t h by T h e B e r k sh i r e E a gle .
Fi n d us o n
Lee - Looking for the charm of an 1800’s farmhouse with modern conveniences for today’s living? This must-see home with the inviting front porch beckons! The large open kitchen with vaulted ceilings is a central gathering area Formal living, dining, den/office create a great home for entertaining Recently renovated first floor bedroom and full bath make for a one-level
Lenox - You r Berkshire oasis awaits you Well-maintained 3 bed room, 1 5-bath midcent u r y ranch nestled on over an acre of beautif ul land Serene set ting with fenced yard, flagstone patio and Gazebo Char ming su n room Remodeled k itchen with other updates includes new sheet rock, new floor ing th roughout, and stonework showcases the beautif ul appointed fireplace Convenient one-level living.
Expansive game r m with enter tain ment oppor t u nities Vaulted ceilings and floor-to-ceiling windows in the living r m allow for nat u ral light Less than a mile f rom Lenox, providing easy access to cult u ral a t t r a c t i o n s a n d h i k i n g t rails $519,90 0 R 3239 N. A DA M S - This 2 family home is w e l l m
porches, living, dining, kitchen with separate laundry/pantry plus a first-floor bedroom and bath can provide one-level living The second level has 2-3 bedrooms and a large walk-in attic Separate first floor entrance to a private room currently used as a music
with separate utilities and separate f ront porches Many upg rades Conveniently located on the cult u ral cor r idor bet ween Clark A r t and Mass MOCA Easily conver tible to single family This Duplex is in g reat condition with a long ter m tenant on one site and recently vacated u nit on the other $295,000 M3226
• Fully insured with workers’ comp
• E xperience in new construction • Free estimates • Interior/E x terior painting
Cabinet painting
Dr y wall repair
Window cleaning
Power washing
Deck refinishing
You’ve
W hat about that Deposit?
by Lynn Arseneau
Dear Ly nn,
I am new to buy ing a home and I have a quest ion. W hat i s an “ ear nest” deposit ?
I have a pre- approva l t hat says I have to have 5% dow npay ment . Is t he “ ear nest” deposit t he same t hing.
Coincident ly my name i s Ear nest . Ha ha!
Sig ned, My f r iend s c a l l me Er nie
Dear Er nie,
I g uess I con sider myself your f r iend!
T he ear nest money deposit i s your good fait h deposit t hat you submit when you ma ke an of fer on a proper t y.
T hi s deposit shows your ser ious intent to buy t he house. It c an be any amount but usua l ly it’s 1-5% of t he purcha se pr ice.
T hat deposit i s held in an escrow account and i s held unt il t he closing and i s par t of t he money you w il l use to close on t he home.
Dearest Ly nn,
We read t hi s column and enjoy your c andor and g reat adv ice! Our daughter i s buy ing a home
I ’ve been a Realtor for 37 year s People f requently ask for my advice and opinions , and by sharing those ques tions and answers with you I hope to off er some helpf ul information
and i s hav ing a home in spect ion soon. She said t hat she could not back out if somet hing i s w rong w it h t he house bec ause she i s buy ing it “ a s i s. ” I’m af raid she w il l
loose her deposit . Is t hi s t r ue? T hank s so much, L eslie A nnilot ioen
Hi L eslie,
I’m happy t hat you like my column, t hank you! Your daughter c an check her Purcha se A g reement and see if she ha s a home in spect ion cont ingenc y. If t here i s a cont ingenc y t here i s st il l a possibilit y t hat she c an w it hdraw her of fer and receive her deposit back. If she i s work ing w it h a buyers agent she may a sk for clar if ic at ion regarding her r ight to w it hdraw.
If your daughter changes her mind and would like to w it hdraw her of fer, t he con sequences may var y. If t he ter minat ion i s submit ted to t he sel lers agent dur ing a cont ingenc y per iod, a buyer may st il l be able to get t heir ear nest money back. However, if she w it hdraws her of fer af ter t he cont ingenc y per iod t hen t he sel lers may have t he r ight to keep her deposit .
