Ep 24 Hand It Over, Punk!

TITLE: RRRE Episode 24 Ep 24 Hand It Over, Punk! DESCRIPTION: Everyone knows that familiar scene in every movie where the school bully is telling some poor kid to “hand it over, punk!” Whether it’s his lunch money, backpack, or CD player (for those of us children of the 90s), we remember that scene all too well! Well on today’s episode, we’re not going to bully you into handing over your money, BUT, we’re going to talk about a very important part of the real estate transaction which is referred to as “hand money.” My name is Lou Lombardi and I am handing the show over to ... Jason Wilcox! TALKING POINTS (3-5): • What is hand money? o Mention different names (earnest money, escrow money, deposit money, good faith money, etc.) • When does the hand money get collected? • What is an appropriate amount of hand money to put down on a property? • How does it affect my closing costs? • Can I get the hand money back? • What is default and how does that affect my hand money? o Discuss what hand money means to the sellers if the buyer walks away at the last minute. • Final thoughts LINKS: JASON: https://jasonwilcox.cbintouch.com/ https://www.zillow.com/profile/jasonwilcox1987/ https://www.youtube.com/channel/UCrRksfKiMNteHKYRYrinAug?view_as=subscriber https://www.facebook.com/jason.wilcox.186 https://twitter.com/jason_wilcox1 https://www.instagram.com/jason.wilcox1/ CONTACT INFORMATION: JASON: Cell Phone: 412-651-4638 Email: [email protected] AIR DATE: SEPTEMBER 11, 2020