The Initial Agreement and Deposit.
A contract is a legal agreement between a buyer and a seller. The buyer will offer an Earnest Money Deposit that will generally be held at the title company. Some important tips to keep in mind to streamline the process even further:
- Verbal agreements are not a contract. We will provide a written document to be signed for any agreements between the buyer and the seller. These will be signed by all parties before they are part of the actual contract.
- Time is of the essence. Now that you have a contract on your property, there will be timelines that need to be met for each party. Meeting the requirements on time ensures a smoother flow of negotiations so that each party involved is not in breach of the contract. During the process we will keep you updated, so you will be prepared for the next step.
