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.
Not exact matches
Can we put in offers on
multiple properties without losing the
earnest money deposit?»
If your purchase offer is among
multiple bids on a home, the
earnest money you put down (also known as a «good faith
deposit») may influence the seller's decision - making in your favor.
Thomas:
Multiple offers must be presented in the order they were registered with the listing broker, complete with a written and signed offer,
earnest money deposit, financial data on the purchaser, and an approximate net sheet for the seller.