earnest money problems: Getting That Earnest Money Back When The Deal Falls Apart
- 08/24/11 05:49 AM
I have always told clients contracts are the rules of the game when things go wrong. I wish more agents could grasp that.
How Do You Get Earnest Money When The Deal Falls Apart?
Money put up as skin in the game for the buyer to show good faith. Often $500, $1,000, $2,000.
There is the contract and then there is the real world. Many buyers easily get the money back with failed inspections or they cannot secure financing.
Sellers pull their hair out with buyers walking at the table and NOT wanting to forfeit what the contract says - … (131 comments)
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I have always told clients contracts are the rules of the game when things go wrong. I wish more agents could grasp that.
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