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Termination Option or Option Period

In my last post I explained the Earnest Money deposit and this week I want to explain the Termination Option and fee that accompanies it. So you’ve found the perfect house and your offer has been accepted, YAY!!! Your agent has told you that he/she will need two checks from ...

Earnest Money…What is it?

So you have been working with your REALTOR for a while to find the perfect home in a seller’s market and you’ve finally found it! Your agent will craft the (hopefully) perfect offer to the seller with terms favorable to both parties. One of the terms of the contract is ...