deposit paid when the sale contract/offer is signed. A.k.a. - Good Faith Deposit.
A deposit made by a buyer of real estate towards the down payment to evidence good faith. This money is typically held by the real estate brokers or the escrow company.
An earnest money deposit is made by the potential home buyer to show that he's serious about buying the house.
A deposit paid to the seller and placed in an escrow account at the time when a formal sales contract is signed. This deposit shows that a prospective buyer is serious about buying the house.
money given with the offer to purchase a house as a good faith deposit. If your offer is accepted, becomes part of your down payment.
A down payment made by the buyer as a statement of intent and good faith.
The earnest money deposit is a "good-faith" payment you submit with your offer on a home to show the seller you are serious about proceeding. The earnest money is deposited in an escrow account and will be applied to your closing costs.
A deposit made by a potential home purchaser to demonstrate that he is serious about purchasing the property.
A payment given to the seller by a potential buyer indicating the buyer's intent to complete the purchase of the property.
The deposit made by the buyer at the time an offer to buy a home, to demonstrate the sincerity of their offer.
A deposit submitted with a purchase offer to show that the buyer's offer is being made in "good faith."
Down payment made by a purchaser of real estate as evidence of good faith intention to purchase. This amount is held in escrow until closing and becomes part of the down payment at closing.
A deposit made by a potential home buyer to show that he or she is in earnest about buying the house.
() A deposit made by the potential home buyer to show that he or she is serious about buying the house.
The potential buyer puts down a percentage of the house price to show his/her intent to buy.
Down payment of part of the purchase price to bind a contract for the property.
The deposit you make to show that you are committed to buying the home. The deposit will not be refunded to you after the seller accepts your offer, unless one of the sales contract contingencies is not satisfied.
A sum of money paid by a potential purchaser as proof of her intention to complete the purchase transaction. Held in trust, usually by the Listing Agent, and credited to Purchaser off purchase price. May be forfeited if Purchaser fails to complete transaction.
Money given by a buyer to a neutral third party (i.e., title company) as part of the purchase price to show that he or she is serious about buying the house.
The portion of the down payment delivered to the seller or escrow agent by the purchaser with a written offer as evidence of good faith.
This is the amount of money given by the buyer at the time of signing the sales contract to show good faith in going through with the purchase. It is usually placed in escrow by the Realtor/Builder and is used as part of the down payment.
The deposit money given to the seller or his agent by the potential buyer upon the signing of the offer to purchase to show that he or she is serious about buying the house. If the sale goes through, the earnest money is applied against the down payment. If the sale does not go through, the earnest money will be forfeited or lost unless the binder or offer to purchase expressly provides that it is refundable.
A deposit given to the seller or seller's sales professional by the potential buyer upon signing the agreement of sale. The deposit shows that the buyer is serious about buying the property, an expression of good faith. If the sale goes through, the earnest money is applied against the down payment. If the sale does not go through, the earnest money is forfeited or lost unless the binder or offer to purchase expressly provides in writing that it is refundable. Also known as Earnest Money.
Money given by the potential home buyer to the seller as part of the purchase price to bind a transaction and show serious intent to purchase the property.
A deposit made by potential home buyers to show that they are serious about buying the house.
A payment given to the seller by a potential buyer indicating the buyers intent to complete the purchase of a property under the terms of a contract. If the buyer defaults, the earnest money is forfeited. It is applied to the purchase price if the sale is closed.
Down payment made by a purchaser of real estate as evidence of good faith; a deposit or partial payment.
Down payment money - usually three percent of the purchase price - deposited into an escrow account as a sign of "good faith." The deposit is made when the contract to purchase is presented to the seller. It demonstrates that the buyer seriously intends to purchase the seller's property. The deposit is credited to the buyer at closing or is returned if the contract is declared void.
A deposit of money paid by a buyer for real property as evidence of good faith. Can not be given back to the buyer unless he obtains written permission from the seller. Back to the Top
A deposit made by a potential home buyer to show that they are serious about purchasing the property.
A portion of the down payment made by a purchaser of real estate as evidence of good faith at the time an Offer to Purchase is made. Normally applied to the purchase price at closing.
A deposit made by potential home buyers during negotiations with the seller. The sum shows a seller that a buyer is serious about purchasing the property. Back
The money given to the seller or his agent by the potential buyer upon the signing of the purchase offer to show that the buyer's offer is made in "good faith". If the sale goes through, the earnest money is applied as part of the down payment. If the sale does not go through, the earnest money will be forfeited or lost unless the binder or offer to purchase expressly provides that it is refundable.
This is a deposit made by the potential home buyer to show that they're serious about buying the house.
A deposit made by a purchaser of real estate used as a down payment as evidence of good faith.
A good faith deposit to show seriousness of purchase.
A type of money that a broker may handle for others in the ordinary course of business, also referred to as good-faith deposit or binder deposit
Money given by a buyer when making a formal offer to demonstrate that the buyer is serious. Also called a deposit.
The money deposited by a buyer under the terms of a contract, that is to be forfeited if the buyer defaults but applied on the purchase price if the sale is closed.
A "good-faith" deposit submitted with a purchase offer to show that the potential home buyer is serious about buying the house.
A deposit made by potential home buyers to show that they're serious about buying the property.