Six things to know about real estate deposits

Here are some common questions about deposits when you are buying a house:

When must a deposit be paid?

Can the buyer get out of a deal by refusing to pay the deposit?

What happens if the deposit is paid late?

How much should a buyer pay as a deposit?

Why does the deposit go to the seller’s real estate agent and not the seller?

If the buyer is unhappy with their home inspection, can the seller refuse to return the deposit?

Read More for the anwers.

 

Randy Ramadhin

Randy Ramadhin

Broker
CENTURY 21 People's Choice Realty Inc., Brokerage*
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