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Earnest money shows you’re serious

for sellers

Here you will find a wide variety of useful information and resources designed to help you buy a home more effectively in the Boca Raton, Delray Beach, Highland Beach, and surrounding areas.
From information on the local community, to advice about property inspections or information on closing expenses and title insurance, it's all available here on this web site.


Earnest money shows you’re serious



Typically when an offer to purchase a real estate property is made, you, as the buyer, will also pay an “earnest money” deposit.  This deposit shows the seller that you’re serious about the offer to purchase the property. 

The amount of earnest money deposit varies based on the type of property being purchased and local market conditions.  As your real estate professionals, we’ll help you determine the appropriate amount to pay as an earnest money deposit.

The sales contract will dictate who holds the earnest money.  Usually the seller’s real estate agent will deposit the earnest money in a trust or escrow account until closing.   At closing, the earnest money is applied to the purchase price.

In the event the sale doesn’t close, the sales agreement generally spells out the conditions under which you would forfeit the earnest money.  Generally if the seller meets all the terms of the contract, the seller will keep the earnest money.  If the seller does not meet the terms of the contract, you, as the buyer, may receive a total or partial refund of the earnest money. 

 

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