Sentences with phrase «non-refundable earnest money»

LIVE AUCTION FLOOR BUYER: 10 % OF THE FINAL BID PRICE REQUIRED as non-refundable earnest money IMMEDIATELY AFTER THE CLOSE OF THE AUCTION, with the balance of purchase price due at closing.

ONLINE BUYER: 10 % OF THE FINAL BID PRICE REQUIRED as non-refundable earnest money in the form of a certified check, cash or wire transfer within 24 hour of the close of auction (or next business day), with the balance of purchase price due at closing.

It is my understanding that non-refundable earnest money goes to the wholesaler (assignor) via the assignment contract.

Is the non-refundable earnest money in addition to the assignment fee or a part of the assignment fee?

Wholesalers often required non-refundable earnest money on the order of $ 3k - $ 5k after viewing the property but before doing a full inspection — if you're even allowed to do a full inspection.

Not exact matches

The payment and unconditional release of an earnest money deposit to the seller on a non-refundable basis may be sufficient to persuade the seller to cooperate.

However, just to be safe, you should make a small portion of the earnest money non-refundable.

Once the inspection period ends, the earnest money «goes hard» and is non-refundable unless the seller defaults.

Ask the buyer to make two separate payments to you — an option fee, which is non-refundable but allows the buyer to terminate for any reason within a certain time period, and earnest money, which is refundable during an inspection period when the buyer is allowed to inspect the property, review title, and possibly renegotiate the terms of the sale.