Sentences with phrase «accepts earnest money»

Every time a broker accepts earnest money, they have a fiduciary responsibility in all states.

Not exact matches

Accept that you will lose your earnest money and say so.

After accepting an offer, deliver a contract copy and earnest money to the title company.

You should have something in your purchase agreement that says if the home inspector uncovers a serious flaw that you are unwilling to accept, you can back out of the deal and keep your earnest money.

Your Real Estate agent will ask for «earnest money» or an «earnest deposit» from you when your offer is accepted.

If the seller accepts your offer and the deal goes through, the earnest money will be go toward the purchase of the house.

We accepted a stronger offer, and that was the last we heard of the low - ball earnest money people.

The idea is if your offer is accepted, but then later you decide not to buy the home, they keep your earnest money for wasting the sellers time.

In any case, the seller can either accept, reject, or counter the buyer's suggested earnest money deposit amount, says Realtor ® Bruce Ailion, of Re / Max in Atlanta.

Your purchase offer, if accepted as it stands, will become a binding sales contract — also known as a purchase agreement, an earnest money agreement or a deposit receipt.

Acceptance: After you make an offer on a home and the seller accepts, a purchase agreement stating the purchase price and other terms of sale is drawn up and earnest money is put on the home.

If multiple offers are accepted then this could result in the buyer depositing multiple earnest money deposits and the sellers expecting to close each of the transactions.

The only money you will need is the earnest money deposit once your offer gets accepted.

You can usually write a check for the earnest money deposit, and then they cash it once the offer is accepted.

If they propose an alternative resolution, the buyer has the opportunity to either accept the resolution or walk away from the deal with earnest money intact.

REMINDER: Once your bid has been accepted, you MUST submit the original earnest money funds (NOT a copy of check) w / the Sales Contract Package to to PEMCO «WITHIN 48 hours», Your contract will be REJECTED without the funds.

When an offer does get accepted, the realtor will generally ask you to provide certified funds for the earnest money, and will give you back your uncashed check.

Agents will be able to use the app to share property listings and schedule tours with their clients; create, review, and accept offers; schedule property inspections; order title and settlement services; deposit earnest money; and complete the close process all from the mobile app.

Broker discussed the additional term with Sellers, and then left a voice mail for Offerors stating that Sellers accepted the additional term, and instructing Offerors to notate the change in their counteroffer and leave it, along with a check for $ 1,000 earnest money, at Broker's office.

Everyone signed the contract, and the Sellers accepted the Buyers» earnest money (although never deposited the check).

The earnest money deposit you make at the time the offer is accepted will be put in jeopardy once the contingency for the loan has expired.

Once the offer has been negotiated and accepted by both parties, the earnest money will be deposited.

Each accepted offer must be accompanied by an «earnest money» deposit equal to 5 percent of the bid price not to exceed $ 2,000, but not less than $ 500.

The buyer can then either accept the home as - is, request some repairs and / or a price drop, or just walk on the sale and get their earnest money back.

my girlfriend of 4 years and I just had our offer accepted and the earnest money has been dropped off.

HUD requires that all accepted offers be accompanied by an earnest money deposit equal to 5 percent of the bid price, not to exceed $ 2,000, but not less than $ 500.

No earnest money until the offer is accepted.

I am a IL / IN licensed Realtor so I can not speak for NY state law but if both parties have entered into a contract and earnest money has been accepted then it is a legal binding contract between you and the seller.

The buyer who wants the property for an investment or for a principle residence is in a much better position to have their offer accepted if it accompanies a good and fair earnest money deposit.

What the Offer Contains The purchase offer you submit, if accepted as it stands, will become a binding sales contract (known in some areas as a purchase agreement, earnest money agreement, or deposit receipt.)

We would not encourage a seller to accept an offer that does not have earnest money up front.

After your offer has been accepted and you have completed the Purchase Agreement, your real estate agent will place an initial deposit (usually your earnest money, or about 1 % to 2 % of the purchase price) in this escrow account.