Standard earnest money amount in texas

Standard earnest money amount in texas

Author: Kuzmitch On: 06.07.2017

This seems like a lot to me for such a low sales price. Is this customary in unimproved lot sales? Your email alert settings have been saved.

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What is the amount of "normal" earnest money deposit on unimproved land? Highest rated Recent Oldest.

Don Groff , Agent, Austin, TX. Thu Oct 13, It is totally negotiable. Since the property was not even listed it is not like there is any competition or the possibility of losing out on another offer.

Everybody and every offer is unique. I do not know why they are pushing for more earnest money but this is something you would both need to discuss and agree on. Best of luck to you. Ladunlpa , Home Buyer, Malakoff, TX. I am not using a realtor on this. It is a lot next to my property and I contacted the owner directly who did not have it listed. I thought perhaps the custom was different for raw land, which I had not bought before.

I am using a title company to do my own title policy and recording, etc and I would deposit with them.

How to Protect Your Earnest Money Deposit

I downloaded standard form for purchasing unimproved land in Texas and will use that as a contract so I should be protected. Bruce Lynn , Agent, Coppell, TX.

Property Q&A: What is the amount of "normal" earnest money deposit on unimproved land? - Trulia Voices

The deposit is always negotiable. ALWAYS make sure this deposit goes to the TITLE company to hold. Cash or checks should never go to the seller to hold. Both the buyer and seller must agree to what the deposit is.

standard earnest money amount in texas

Good luck and congratulations. Is a realtor helping you with this transaction? What is the normal earnest money deposit?

Be the first to answer. What is the standard "good faith" deposit amount? What is the earnest money deposit? Loan did not approve before closing day.

How much earnest money down? | Zillow

What happens to earnest money in case of "AS IS contract"? Ask our community a question.

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standard earnest money amount in texas

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