Real Estate Law
Ask a Real Estate Law Question, Get an Answer ASAP!
Thank you, XXXXX XXXXX would I insert that (in the "As Is" Florida Sales and Purchase Contract in the "Financing") ? "Earnest Money" is not mention-ed anywhere . . only deposit being deposited into escrow.
Paragraph beginning with line 94 gives me some protection, but if the appraisal comes in low, I'm stuck. Can I insert, "as long as appraisal comes in at $440K ($469K sale price)?" Buyers agent is being difficult to work with . . .
So how would I word that request to buyers agent?
That's the problem, there is no clear cut safety clause for me. This is what I came up with: Whereas under financing, if contract is contingent on obtaining loan commitment, the seller will be entitled to a $4,000 "earnest money" non-refundable deposit (payable to seller) after 10 days of signing of contract.
Then I would like to use the statement I've come up with (above) but need to know the proper place for it to be inserted into contract. Where would that be?
Under "additional deposit" there is a line that reads "other" with a blank line after it. Is this where it could go?
DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.
The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).