Once home buyers find a home they love, they declare their commitment to the seller with a sizable chunk of change known as an earnest-money deposit.

8 Earnest-Money Deposit Mistakes Home Buyers Live to Regret | idonayojujid.web.fc2.com®

Yes, it sounds so sincere and serious because it is —and if you get it wrong, you could lose thousands of dollars. To scare you straight, here are eight mistakes with earnest-money deposits that home buyers often make.

To ensure you don't end up as one of them, read on to avoid these snafus. Bottom line for buyers: Weigh losing the earnest money against the possibility of losing the home. If a high earnest-money deposit scares you, remember you'll have to come up with the down payment 30 to 45 days after making an offer, anyway.

This may seem like a no-brainer, but it's easy to get swept away by a home's cool features when you first see it. Personal problems may be very serious to you, but they're not a valid reason to cancel a home purchase. For the best experience, please enable cookies when using our site. Go to your professional dashboard.

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Where Is It Cheaper to Live? News The Latest News Housing Trends Real Estate News Celebrity Real Estate Unique Homes Research For Pros Corporate Blog. Insights Buying Selling Renting Financing Moving Home Improvement. By Margaret Heidenry Feb 21, Related Articles How to Sell a Home 'As Is': A No-Fuss Guide to Unloading a Lemon 4 Ways to Deal If Your Appraisal Comes in Low 6 Times You Really Can Get Your Earnest Money Back.

Check the latest mortgage rates on. Margaret Heidenry is a writer living in Brooklyn, NY. Her work has appeared in The New York Times Magazine, Vanity Fair, and Boston Magazine. Editors' Picks Celebrity Real Estate. Angelina Jolie Buys Legendary Estate That's Home to Hollywood History.

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