This NW condo is ideal for entertaining family or friends! Ground level two bedroom stylish unit offers you endless opportunity for entertaining. Elegant open floor plan with NEW SS kitchen

Dated: January 8 2021
Views: 108
When you make an offer on a home, part of that offer can include a little show of good faith on your part, in the form of cold, hard cash. Generally, one to three percent of the offer price is pretty normal for an earnest money deposit, but this can vary pretty widely based on market conditions. And the more you put up, the better. But what happens to that money?
Earnest money is literally just a show of faith.
When you go to the closing table, it becomes part of your cash to close equation, which includes other line items like your down payment, your closing costs, and your prepaid items. It’s not a bribe or an extra fee to convince a seller to sell to you. It will simply be applied in full as a credit in your closing documents, reducing the amount of money you need to bring with you on the big day. If you were to decide to back out of the contract with no real cause, the seller may be entitled to some or all of that earnest money.
However, plenty of situations exist where you may not be able to close, but your earnest money will be refunded, such as:
Helping you experience something new in Las Vegas that's guaranteed. Real Estate with less stress!....
This NW condo is ideal for entertaining family or friends! Ground level two bedroom stylish unit offers you endless opportunity for entertaining. Elegant open floor plan with NEW SS kitchen
Home Prices Growing Faster Than Rents in More Than 80 Percent of U.S. Among the 44 U.S. counties analyzed in the report with a population of 1 million or more, those where it is more affordable to
What It Costs to Close? Closing is a fairly simple process, and most of the time they walk away with a check in hand. But for buyers, closing can be one of the largest expenses of their lives. You
When you make an offer on a home, part of that offer can include a little show of good faith on your part, in the form of cold, hard cash. Generally, one to three percent of the offer price is