When Is a House Down Payment Due and How Much Do I Need?
HomeLight
AUGUST 9, 2022
If you back out of the sales agreement and your reason for doing so isn’t covered by contingency written into the contract, the seller can keep your earnest money. Larsen cautions that if you’re buying a new construction home, you will likely be expected to pay a much larger percentage of earnest money. The deal is done!
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