So you’ve found the home you want to buy. Now what? You need to make an offer to buy the seller’s house. Your real estate agent will have the forms you need, and he or she will talk with you to decide what terms you want to make. Your agent will then write the offer for you.
There is more to an offer than simply stating a price you are willing to pay. You will also tell how much money you are going to put down for the earnest money deposit. This deposit is usually about one percent of the purchase price of the home. The earnest money goes into an interest bearing account until your closing for safe keeping. The company typically gives the interest earned to various charities. An earnest money deposit shows that you are a serious buyer, and
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