Once we find the right home, we will collaborate on a competitive offer. The offer is an agreement to pay a certain price for the home if accepted and may include other terms, such as whether you are waiving any contingencies or in how many days you are willing to close. It is my job to guide you through the decision-making process to ensure you are confident with our offer.
Your contract is the agreement between you and the seller to purchase the property for a specific price. Also defined in the contract of sale is the settlement company, date of settlement, and earnest money deposit amount.
The earnest money deposit (EMD) is good faith to demonstrate to the Seller that you are serious about purchasing the property. The money will only be deposited if the contract is signed and agreed by both parties. This money goes towards the purchase price of the home and is typically about 1% of the purchase price.
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