Conditions and Deposit

Monday May 21st, 2018

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Conditions are requirements within the Agreement of Purchase and Sale that must be met for the sale to go through. In your offer, you may have included a financing condition or a condition on a home inspection. And of course, you’ll need to submit a deposit–an amount up to 5% of the purchase price, which is held in trust until close. Once the conditions have been met, the agreement is firm, and now it’s just a matter of waiting for your closing date. And of course, packing!

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