1. Earnest money on a new build is typically much more than a resale. I think builders who are deliberately doing shoddy jobs to "nudge buyers out of their contracts" deserve a special place in hell.When it comes to filling out a real estate purchase agreement, several key players are involved: buyers, sellers, real estate agents, and attorneys. You need to consult a lawyer in your area. Make sure you ask if they represent the builder or builders in general. The insurance carrier for the Subcontractor must have an A.M Best Rating of A- or better and the rating must be listed in the Certificate of Insurance. A property purchase agreement is a legal contract between between a buyer and seller of property that dictate the terms and conditions of the sale.