When dealing with real estate matters, the law is clear: EVERYTHING is in writing. The sales contract should detail all of the terms, conditions, and special requirements you may (or will) need in order to conclude the transaction and go to closing (settlement) on the house. 643 more words
Tags » Earnest Money Deposit
Both North and South Carolina real estate Offers to Purchase and Contract are structured such that both an earnest money deposit and due diligence fee may be offered and negotiated between the parties. 524 more words
Earnest Money Deposit
REGARDING: Earnest Money Deposit
What is EMD?
EMD is the upfront stated monies that a buyer proposes to pay upon an accepted and fully executed purchase agreement to show good faith that the buyer has earnest and good intentions to fulfill the terms of the purchase agreement. 306 more words
The earnest money deposit—the cash you offer to essentially call dibs on a house—is one of the most important and misunderstood parts of the home-buying process. 727 more words