- October 3, 2018
- Posted by: U.S. Title Records
- Category: First time home buyer, Title Search, Uncategorized
“We have learned that many first time home buyers and even some investors do not know that a standard earnest money agreement is non-refundable. These buyers are also not always aware that a refundable clause can be written into the good faith agreement to protect their interests. For example, language outlining that the money is non-refundable contingent upon specific home inspection results, property appraisal outcomes or additional seller disclosures. Well thought-out protective measures can be written into any contract to be executed by both parties for a successful transaction with minimal hardships”.
Helpful link: https://www.ustitlerecords.com/home-buyer/