Section 11: Listing Price and Buyer Financing
This is where your listing price is documented. It also outlines acceptable buyer financing options, including FHA and VA loans. If you know your property is not FHA or VA eligible, let us know. If you’re unsure, that’s okay — we’ll find out during the title search.
This section also explains earnest money. That’s a good-faith deposit from the buyer that shows they’re serious about purchasing. The deposit is held by a title company and applied toward the buyer’s costs at closing. If the sale falls through, the earnest money may either be returned to the buyer or kept by the seller, depending on the reason.
You’ll have the option to receive your sale proceeds by wire transfer or check from the title company.