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PURCHASE AND SALE AGREEMENT WITH EARNEST MONEY PROVISION THIS IS A LEGAL AND BINDING AGREEMENT. PROVISIONS ON THE FOLLOWING PAGES ARE PART OF THIS AGREEMENT. PLEASE READ CAREFULLY BEFORE SIGNING.
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How to fill out with earnest money provision
How to fill out with earnest money provision
01
Start by reviewing the earnest money provision in your purchase agreement or contract.
02
Understand the specific requirements and conditions outlined in the provision.
03
Ensure that you have the necessary funds available to provide the earnest money.
04
Fill out the earnest money provision by indicating the amount of earnest money you are willing to deposit.
05
Specify the form in which the earnest money will be provided (cash, check, wire transfer, etc.).
06
Include the deadline for submitting the earnest money and any penalties for late payment.
07
Ensure that all parties involved in the transaction sign and date the earnest money provision.
08
Submit the earnest money to the appropriate party or escrow agent within the specified timeframe.
09
Keep a copy of the earnest money provision for your records.
10
Follow up to ensure that the earnest money has been received and properly accounted for.
Who needs with earnest money provision?
01
Buyers who want to demonstrate their serious intent to purchase a property.
02
Sellers who want assurance that the buyer is committed to the transaction.
03
Real estate agents and brokers who want to protect their clients' interests.
04
Lenders who want additional security when financing a property purchase.
05
Anyone involved in a real estate transaction where earnest money is a standard requirement.
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