A form is where the Seller has agreed to accept a promissory note as payment of the earnest money.
Washington Earnest Money Promissory Note
State:
Multi-State
Control #:
US-00472D
Format:
Word;
Rich Text
Instant download
Description
How to fill out Earnest Money Promissory Note?
It is feasible to invest hours online trying to locate the approved document template that meets the federal and state stipulations you need.
US Legal Forms offers a vast array of legal forms that are reviewed by experts.
You can conveniently obtain or print the Washington Earnest Money Promissory Note from my services.
To find another edition of the form, utilize the Search field to locate the template that meets your needs and requirements.
- If you already have a US Legal Forms account, you can Log In and then click the Download button.
- After that, you can complete, modify, print, or sign the Washington Earnest Money Promissory Note.
- Each legal document template you obtain is yours permanently.
- To get another version of the acquired form, navigate to the My documents tab and click the corresponding button.
- If you are using the US Legal Forms site for the first time, follow the simple steps outlined below.
- First, ensure that you have selected the correct document template for your preferred region/city.
- Check the form description to confirm you have chosen the right form.
Form popularity
FAQ
Earnest money deposits are usually 1% to 3% of the total sale price of the home, although the exact amount can depend on the market.
Earnest money is always returned to the buyer if the seller terminates the deal. While the buyer and seller can negotiate the earnest money deposit, it often ranges between 1% and 2% of the home's purchase price, depending on the market.
An earnest money deposit is money is put up by a potential buyer of real estate to show that it is seriously interested in making the purchase. The money is usually paid within 24-48 hours after the offer is accepted, and is held by a third party or escrow company until the deal is completed.
There is no standard requirement amount for earnest money deposits in Washington State. It's really up to the seller and the buyer. Some sellers request a specific dollar amount, but most just wait and see what the buyer has to offer.
Earnest money deposits are usually 1% to 3% of the total sale price of the home, although the exact amount can depend on the market.
In Seattle, the earnest money is typically 2-3% of the purchase price. The earnest money is the deposit you make on the contract. The earnest money is applied to your down payment and/or closing costs.
Earnest money deposits are usually 1% to 3% of the total sale price of the home, although the exact amount can depend on the market.
Bottom line: If they follow the letter and spirit of the contract, buyers can usually get their earnest money returned should they want to back out of the deal.
Can you back out of an accepted offer? The short answer: yes. When you sign a purchase agreement for real estate, you're legally bound to the contract terms, and you'll give the seller an upfront deposit called earnest money.
