· Making the Earnest Money Deposit Non-Refundable. Notwithstanding the terms of the OREF Sale Agreement, sellers occasionally insist that the earnest money deposit be “non-refundable” and released to the seller prior to closing. Since there is no provision in the Sale Agreement for early release of the deposit, it falls to the parties or. Earnest Money will be Non-Refundable, and forfeited as Liquidated Damages should you not complete signing the Lease Agreement /and Addenda, and paying all funds due. 3) For your protection, however, If Foothills is unable to fully qualify you or if Foothills is not able to deliver the premises, the Earnest. Disposition of Earnest Money The Earnest Money shall be applied as a credit to the Purchase Price at Closing. However, if Purchaser elects to terminate this Agreement prior to the expiration of the Inspection Period, or is deemed to have terminated this Agreement, pursuant to Section , Escrow Agent shall promptly thereafter refund the entire Earnest Money (less the Independent Consideration.
Buyer shall pay Second Earnest Money of $5,, on or before (the date he signed the contract) .. BUYER UNDERSTNDS AND AGREES THAT THE TOTAL EARNEST MONEY DEPOSITS ARE NON_REFUNDABLE ONCE THE SECOND EAREST MONEY DEPOSIT IS MADE, subject only to the provisions of the VA provisions of the Finance Addendum. If you have any questions, please feel free to call There will be a 10% buyer's premium added to the final bid on the real estate. We will require $5, down by 2PM CST Wednesday, October 27 (day of auction for onsite bidders) as non-refundable earnest money if you are the successful bidder on real estate. An earnest money deposit receipt is given to a buyer of real estate after entering into a purchase agreement with a seller. The deposit slip is given to the buyer after funds have been received which binds the parties into the agreement. If the buyer does not follow through on purchasing the property it will be returned to the seller.
An earnest money deposit receipt is given to a buyer of real estate after entering into a purchase agreement with a seller. The deposit slip is given to the buyer after funds have been received which binds the parties into the agreement. Making the Earnest Money Deposit Non-Refundable. Notwithstanding the terms of the OREF Sale Agreement, sellers occasionally insist that the earnest money deposit be “non-refundable” and released to the seller prior to closing. Since there is no provision in the Sale Agreement for early release of the deposit, it falls to the parties or. Depending on location, home buyers can expect to put down anywhere from 1% to even 10% of the real estate purchase price as earnest money. (In some highly competitive markets, buyers are making.
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