Sentences with phrase «earnest money usually»

A check for earnest money usually accompanies an offer.

Not exact matches

To request the services of RBFCU's preferred title company, you may fax or email us your order, which is usually initiated with the receipt of your earnest money contract or closing instructions from your lender.

The buyer usually deposits an amount, known as earnest money, into an escrow account as a guarantee to the seller that he will proceed with the closing.

After finding the right home, picking out a design, and signing a purchase agreement, you will usually give the builder some up front earnest money (usually about 1 % of the purchase price, (but could be more or less) to build you your new home.

Your earnest money is to let the seller know you are serious about the purchase and usually varies from $ 500 to $ 1000.

At the time a buyer signs these forms they usually put earnest money or a deposit down on the home to show that they are entering into this agreement in good faith, and do intend to purchase the home.

Usually, the «earnest» money for a home sale goes into escrow.

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

As far as needing money for a deal, if you're targeting private seller deals, you can usually get away with putting down a small deposit, as opposed to listed deals where you need 1k or more as an earnest money deposit.

Scoping the sewer line or any other inspections would be done after you have the property under contract during the inspection period (which is usually the first 10 to 15 days of the contract) while your earnest money is still refundable.

Now, if you've ever made an offer on real estate before, you'll recognize that earnest money is usually given to the seller as a way of ensuring that the buyer actually follows through and buys the property.

After Substantial completion the purchase contract usually stipulates 30 days to close or the buyer forfeits the lot and the earnest money.

The purchase and sale agreement usually consists of earnest money receipt, financing addendum, inspection addendum, conditions / disclosure addendum, contingency addendum (when appropriate), special conditions addendum, lead based paint notification (when appropriate), and sometimes an agency or property disclosure form.

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.