Buyer's Deposit

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January 1, 1 8 min read Definitions

Earnest Money Contract Real Estate Transactions Contract of Sale Home Purchase Real Estate Contracts Buyer's Deposit

An Earnest Money Contract is a crucial document in the real estate acquisition process, outlining the intention of a buyer to purchase a property and of a seller to sell it. It typically includes details about the amount of earnest money paid, the conditions under which the money will be applied or forfeited, and other terms of the sale.