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In any event, the contingencies typically have a time period requirement. Before that period expires, the buyer can cancel the deal and get their earnest money back, but after that period, the earnest money is deemed to ?go hard? and be nonrefundable to the buyer if they don't close on the transaction.

You do not necessarily need to put forth earnest money for an offer, there is no law in Idaho preventing a buyer from making an offer without earnest money included.

On average, an earnest money deposit ranges between 1%-3% of the property's purchase price. Before you decide on an amount, talk with your real estate agent ? they'll be able to assess the property and any market-specific factors.

In most real estate markets, the average good faith deposit is between 1% and 3% of the property's purchase price. It can be as high as 10% for highly competitive homes with multiple interested buyers. Some sellers prefer to set fixed amounts to help filter out buyers that aren't serious.

Does a bill of sale need to be notarized in Idaho? The bill of sale must be notarized and contain the contact information and signature of the buyer and seller of the vehicle, as well as information regarding the vehicle, including the vehicle's make, year, date of sale, price, and VIN.

You can create your own bill of sale as long as you clearly identify the seller, buyer, property being transferred, and date and price of the sale. If the property is a car, it's important to include the VIN number and odometer reading. Both the buyer and seller need to sign the document.