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That written agreement is usually in the form of RF 481 — Earnest Money Disbursement and Mutual Release of Sale and Purchase.
Typically, after your offer on a home is accepted and you sign a purchase agreement, you provide your earnest money — in the form of a personal check, certified or cashier's check, or wire ...
Under normal circumstances, earnest money is due within a few days of the buyer and seller reaching a binding agreement. The money is required to be held in an escrow account (usually the selling ...
QI had a contract to sell my Maryland home. The buyers provided $500 in earnest money deposit, which was held by my real estate agent. Less than a week before the scheduled settlement date, the ...
Earnest money is an upfront deposit that can give sellers more confidence in your offer to buy a house. Learn how much you need and when it can be refunded.