Your Earnest Money Contract: 3 Things You Must Triple-Check (or Regret)

When making an offer on a home, you will show the sellers you mean business with two things: 1) a chunk of cash called an earnest money deposit, and 2) a piece of paperwork known as an earnest money contract.

Odds are you’re focused on the first. The earnest money deposit, after all, is a large sum of money you put down on a house that demonstrates your good faith in this transaction—and as such, it’s safely held in an independent third-party account until this home officially becomes yours. Meanwhile, the earnest money contract is just a few flimsy pieces of paper. Can’t you just eyeball this fine print and move on? READ MORE

Via Realtor.com

 

  
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