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Real Estate questions
Posted on 5/20/14 at 7:47 pm
Posted on 5/20/14 at 7:47 pm
Can sellers get a non-refundable deposit from the buyer for the sale of vacant property? It seems that the Purchase agreements are loaded in favor of the buyers with the due diligence period allowing the parcel to be taken off of the market for long period.
If allowed, what is this amount called?
If allowed, what is this amount called?
3
Posted on 5/20/14 at 8:38 pm to CharleyLake
I don't remember the exact details, but do some research on 'earnest money'.
Posted on 5/21/14 at 4:39 am to CharleyLake
Are most business transactions loaded in favor of the buyers? You can write whatever you want into the contract, but that doesn't mean they have to sign it. Any good real estate agent, which the seller pays for by the way, is going to tell the buyer not to sign that type of agreement.
Posted on 5/21/14 at 6:23 am to CharleyLake
You can try I guess. Good luck with that. 
Crazy how the person bringing hundreds of thousands of dollars can protect that huh?
Crazy how the person bringing hundreds of thousands of dollars can protect that huh?
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