Earnest Money and Your Offer on a Real Estate Sales Contract While writing an offer on a real estate sales contract yesterday, my Buyers and I contemplated how much earnest money to offer. We are making a fair offer but are also asking the Seller to contribute towards the Buyer’s closing costs. ... Continue Reading » about Earnest Money and your offer on a real estate contract
earnest money
Earnest money – what is its purpose?
Several Tulsa home Buyers have asked me lately WHY they have to write an earnest money check when submitting a contract or they question why it is cashed prior to closing. An earnest money deposit is to show the Buyer's sincerity. Period. Once all the terms of the contract (sales price, repair ... Continue Reading » about Earnest money – what is its purpose?
