Real estate blog entries tagged with earnest money by Benjamin Clark - Exclusive BUYER'S AGENT - Salt Lake City, Utah (Homebuyer Representation, Inc.)

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earnest money: Does Your Offer Have a Financing Contingency? - 05/17/07 10:56 AM

In Utah, THE FINANCING CONTINGENCY in an offer is a protection to the Buyer if their financing falls through.
It allows the Buyer to cancel the contract without forfeiting their Earnest Money. If not included in the offer, and the Buyer's financing falls through, the Seller can either cancel the contract and … (0 comments)

earnest money: How Earnest Money Protects the Buyer - 05/17/07 10:30 AM

Most people think of Earnest Money only as a protection for the Seller.
In some cases a Buyer gets cold feet. Other times, a Buyer ties up the property and is ultimately unable to perform after all contingencies have passed. The Earnest Money is widely considered to be a fair sum, … (1 comments)

earnest money: Determining How Much Earnest Money to Put Down - 05/15/07 03:23 AM

Let's Talk More about Earnest Money...
DETERMINING HOW MUCH EARNEST MONEY TO PUT DOWN when making an initial offer. (Very Important)
The amount of Earnest Money you include with your offer is important because it can create advantages or disadvantages in setting the stage for successful negotiations.
If you were working with the … (4 comments)

earnest money: What is Earnest Money? - 05/14/07 01:29 PM

You have seen the available homes on the market that fit your budget and match your criteria and have decided on the one you want to make an offer on. GREAT!
In Utah, in order for your offer to be valid it is required to be backed by "good and valuable consideration."
In … (1 comments)

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