What is Earnest Money and Option Fee? – YouTube – Earnest money is said to show "good faith" and tell the seller that you’re putting your money where your mouth is by paying something up front for them to Or for any other reason you can think of-it is an unrestricted right to terminate the contract. If your financing falls apart after the option period you.
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Earnest Money: Eliminating Conflict & Contract Contingencies – Earnest money is a frequent sticking point when a contract falls through. Buyers want to know if they’ll get it back, and sellers want to know they can keep it as compensation for time lost. Agents are stuck in the middle. So how do you reduce the number of conflicts that arise with earnest money?
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What is Earnest Money? | Bizfluent – Earnest money is a sum that a buyer pays a seller when making an offer in a real estate deal. Any transaction that requires earnest money will be an important enough financial undertaking that Your preliminary contract should specify that if the deal falls through because of an action on the seller’s.
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Most prospective house hunters or sellers think they have a “good” agent. Either it’s someone who they previously worked with or perhaps a referral from a friend or a co-worker.