Depending on the laws in your state, a
Depending on the laws in your state, a buyer who can’t close will lose the deposit. The good faith deposit simply establishes that the buyer is serious and, to some extent, has the financial capacity to follow through on the buy. Buyers should expect to pay them and sellers should demand them. As with most transactions, this percentage is negotiable. Good faith deposits are a fundamental part of a realestate transaction. Although percentages vary from state to state, a cash deposit equal to three percent of the sales price is […]
for sale by owner
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