Boston Real Estate FAQs / Selling /
What is an "earnest money" deposit?
Votes: 0
A serious buyer will put down an "Earnest Money
Deposit" as a show of good faith. This shows the seller that they are "earnest" in their interest
to purchase the property.
Others in this Category
- How should I prepare to sell my house?
- How is an asking price determined?
- How do you come up with a price for a "one-of-a-kind" property?
- What is the difference between an appraisal and a CMA?
- What is the difference between sales price and assessed value?
- How do you determine the value of a distressed property?
- Can I sell my home for less than what I owe on it?
- Should I price my home high for a little while to see what happens?
- What repairs should I make before selling?
- Is it better to make repairs before I sell or lower the price for the buyer to do them?
- Explain the difference between a "Buyer's market" and a "Seller's market."
- How can I sell my house in a slow market?
- Is taking pictures of the inside of my house a security risk?
- How do I get my home ready for showings?
- Whose obligation is it to disclose information about a property?
- Is a pre-approved buyer better than a pre-qualified one?
- Are verbal offers legally binding?
- What happens when a buyer makes an offer?
- What if the offered price isn't what we wanted?
- What contingencies are usually put in an offer?
- What is a home inspection contingency?
- What is a mortgage contingency?
- What is seller financing?
- Am I obligated to disclose the terms of other offers to a prospective buyer?
- Who pays the fee of a buyer's agent?
- What is a Purchase and Sale Agreement?
- What if I decide I want to change something in the contract?
- What happens if the appraisal is too low?
- What happens if the buyer's loan is not approved by the deadline in the contract?
- What happens if the buyer's loan is denied?
- Should I keep making my mortgage payments if I'm selling my home?
- What is a final walk-through?
- What does the closing attorney do?
- Who does the closing attorney represent?
- What happens at the closing?
- What do I need to bring to the closing?
- What documents should I leave in the house for the new owner?
- What are some of the worst mistakes home sellers make?
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