texas real estate faq: Do I HAVE to Put Up Earnest Money When I Purchase a Home in Texas?
- 05/30/12 01:31 PM
Do I HAVE to Put Up Earnest Money When I Purchase a Home in Texas?
Do I have to put up earnest money to buy a home in Texas? Well.... the answer is no AND yes.
No, it's not required. HOWEVER.... earnest money demonstrates strength in your ability to purchase the home, as well as your sincere desire to follow through with your commitment.
That's where the "Yes" part comes in. Although earnest money is not a requirement to make a contract legal and binding, MOST sellers are not going to agree to take their home off of … (11 comments)
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