realestatevideovault

This real estate video discusses the topic of earnest money. After committing to the price the home buyer is willing to pay for the purchase of their new home in the contract, they are agreeing to the earnest money that will be put up in order to demonstrate to the home seller that they are a serious buyer and are committed to the transaction. Earnest money is typically 1% of the purchase price. The conditions of the earnest money are written into the contract and as long as everything goes according to plan and the buyer buys and the seller sells the earnest money will be applied to the buyers closing costs.

Todd Tramonte

Broker/Owner of Market Experts Realty & The Todd Tramonte Home Selling Team

Real Estate Author of Live Free: The Art Of The 2-Year House Flip

http://www.DallasHomeRealty.com

November 28, 2011
Categories: American Dream, Buying, Home Buying Process, Real Estate Expert, Selling, The Todd Tramonte Home Selling Team, Todd Tramonte . Tags: Broker/Owner of Market Experts Realty, buyer, closing costs, contract, earnest money, home buyer, home seller, Live Free: The Art Of The 2-Year House Flip, new home, price, purchase price, Real Estate Author, real estate education, real estate video, seller, sells, serious buyer, The Todd Tramonte Home Selling Team, Todd Tramonte, transaction . Author: realestatevideovault . Comments: 2 Comments