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EARNEST MONEY CONTRACT UNIMPROVED PROPERTY * * * * * * * * * * This is a Contract whereby G E Mates Family Partnership, LTD (“Seller “), agrees to sell to (“Buyer “), who agrees to purchase,
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How to fill out earnest money contract
How to fill out earnest money contract
01
To fill out an earnest money contract, follow these steps:
02
Begin by providing the date of the contract at the top of the document.
03
Include the names and contact information of both the buyer and the seller.
04
Specify the property address and legal description.
05
Determine the amount of earnest money the buyer will deposit and include this information.
06
Outline any contingencies or conditions that must be met for the contract to be binding.
07
Specify the date by which the buyer must deliver the earnest money to the seller.
08
Include any additional agreements or terms that both parties have agreed upon.
09
Sign and date the contract, ensuring that both the buyer and seller have a copy.
Who needs earnest money contract?
01
An earnest money contract is needed in real estate transactions involving a buyer and a seller.
02
It is typically used when a buyer wants to show their serious intention to purchase a property.
03
This contract can be beneficial for both parties as it provides a legal framework for the transaction.
04
Both buyers and sellers can utilize an earnest money contract to protect their interests and outline the terms of the sale.
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What is earnest money contract?
An earnest money contract is a legal agreement between a buyer and seller outlining the terms of a real estate transaction.
Who is required to file earnest money contract?
The buyer is typically required to file the earnest money contract as part of the purchasing process.
How to fill out earnest money contract?
The earnest money contract can be filled out by including information such as the property address, purchase price, and any contingencies.
What is the purpose of earnest money contract?
The purpose of the earnest money contract is to show the seller that the buyer is serious about purchasing the property.
What information must be reported on earnest money contract?
Information such as the names of the buyer and seller, property address, purchase price, earnest money deposit amount, and any contingencies must be reported on the earnest money contract.
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