I have found a property and have a few potential buyers. I am starting to panic because this will be my first offer. It is in California and through a RE agent. I don't really have the $3,000 earnest money they are asking for.
I know I see here all the time how people have never spent any money of their own. How is that if in California they require this money.
Do they actually cash the check before the 14 day inspection clause is done?
If they do cash the check, do you get your money back if you pull out of the deal before the 14 days?
Sorry, this earnest money is triping me up a bit and I am starting to panic.
Hello all,
I have found a property and have a few potential buyers. I am starting to panic because this will be my first offer. It is in California and through a RE agent. I don't really have the $3,000 earnest money they are asking for.
I know I see here all the time how people have never spent any money of their own. How is that if in California they require this money.
Do they actually cash the check before the 14 day inspection clause is done?
If they do cash the check, do you get your money back if you pull out of the deal before the 14 days?
Sorry, this earnest money is triping me up a bit and I am starting to panic.
Thank you for any advise you may have for me.