Friday, January 1, 2021 / by Client Care Coordinator
Common Buyer Questions
These are the most common questions we receive from buyers, so we've compiled them for your quick reference!
How much earnest money will I need?
The industry guideline is generally 1% of the sale price. If the seller is a lender, they may have a minimum requirement that must be adhered to. However, increasing your earnest money is a good way to make your offer more enticing to a seller.
When does my earnest money check get deposited?
Within 3 business days after acceptance unless stated differently in the Purchase Agreement. The money is held in the Trust Account by the seller's broker or by a title company, and applied to your down payment at closing. If the the purchase agreement becomes null and void, the buyer may have to wait at least 10 days to receive the earnest money refund.
How much will my mortgage be?
This amount will depend on the agreed upon sales price, how much money you put down, and whether you are financing yo ...
How much earnest money will I need?
The industry guideline is generally 1% of the sale price. If the seller is a lender, they may have a minimum requirement that must be adhered to. However, increasing your earnest money is a good way to make your offer more enticing to a seller.
When does my earnest money check get deposited?
Within 3 business days after acceptance unless stated differently in the Purchase Agreement. The money is held in the Trust Account by the seller's broker or by a title company, and applied to your down payment at closing. If the the purchase agreement becomes null and void, the buyer may have to wait at least 10 days to receive the earnest money refund.
How much will my mortgage be?
This amount will depend on the agreed upon sales price, how much money you put down, and whether you are financing yo ...
