When we draft an offer, we will need to know the following terms;
- Purchase Price in offer,
- The duration of the Due Diligence Period,
- Closing Date,
- Financing (if any), and
- Amount Earnest Money to be deposited when agreement is binding.
With all this, we are able to send you a pretty complete offer, but people are often stumped by Earnest Money. How much is enough? When do they get it back and under what circumstances?
Let’s … Read more