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Fresh from the minds of Your Local Real Estate Guys
SOLD! You just bought your dream home and now here comes all of the new terms and paperwork. Then you ask yourself is there a difference between a deposit and a down payment? Yes! Let us explain the difference! Deposit The deposit is the money you pay upfront to...
Inspection A home inspection is a limited, non-invasive examination of the condition of a home, often in connection with the sale of that home. Home inspections are usually conducted by a home inspector who has the training and certifications to perform such inspections.
Deposit An up-front payment made by the buyer to the seller at the time the offer is accepted. The deposit shows the seller that the buyer is serious about the purchase. This amount will be held in trust by the agent or lawyer until the deal closes, at which point it...
