Real Estate Addendum how to be worded

Layer-visible-off
0
Unfavorites
0

I am wanting to know how an addendum needs to be written so that the additional earnest money of $1000 can be immediately disbursed to the seller and will not be credited at closing to the buyer?


0

Not quite clear on what your intent is here. Typically earnest money is delivered to the seller at closing, and held by the title company or a third party until then. Giving it to the seller in advance of closing could jeopardize the ability to recover it quickly should the purchase not close. In addition, even if it was given to the seller in advance of closing, it would still need to be credited to the buyer at closing. Are there Realtors involved here? Would be asking them this question AFTER explaining your goals and logic.

Answered 5 months ago
Ted Rood
1304 6

You Must Be Logged In To Answer