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How can a home buyer ensure that the earnest money deposit is returned back to the buyer when the agreement becomes void because of any reason? Seems to me that the agent and the broker would like to keep this deposit.
Make sure to initial any changes you make and don't do a final signature until you have the sellers initials and signature on it
WookieMan says
Make sure to initial any changes you make and don't do a final signature until you have the sellers initials and signature on it
So the seller should sign and initial the agreement followed by the buyer signing it?
I used a RE attorney when I bought my house. I did all of the leg work to find the house myself, then brought in an RE attorney I knew, when I was ready to make the contract.
Best thing I ever done, he saved me a ton that I was asked to pay, but the lawyer told me not to.
Because buyers really don't need agents.
I will add this. And it will sound pompous. But if you cannot afford to lose earnest money, I'd maybe rethink buying. Never get in over your head on a transaction if you cannot pull it off for some reason. And this is a biggie, never do a credit pull if financing after already being pre-approved by your lender. Basically don't go to the furniture store and buy a couch and bed on credit for the new house. Or a car. That's the easiest way to lose your earnest money as the lender pulls credit again near closing.
zzyzzx says
Because buyers really don't need agents.
Right, it seems to me that the goal of the buyers agent is to sabotage the buyer.
I hear you. A important lesson that I learned someone at this site is this; buy the smallest house that will fit your needs and not the biggest one that you are technically qualified for.
I wonder if it would work if you offered your agent 2% if you have to pay $500,000 or $20,000 if they can get the price down to $450,000?
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