earnest money contract
Written by Contact Us

What does a deposit contract entail?

The deposit or reserve contract It is the first documentary step that the buyer must give for its acquisition. What does this firm suppose? That the buyer and the seller agree on the sale of a property. In the act, the buyer as proof or guarantee of compliance with the contract, delivers an economic amount. This is usually set between an 2% and an 5% of the value of the property, without taxes.

We tell you some aspects that should be included in this contract, its validity and what its non-compliance implies.

.-What should that deposit contract include?

- Who is involved?

- Who signs?

.-What happens if the contract is not fulfilled? It depends if it is between individuals or new work.

All the broken down information, you have it in our collaboration in the Invertia portal. A post from Vicente Manrique, real estate consultant Consulting Forum.

ACCESS THE NEWS IN INVESTMENT

Image: Almagro street in Madrid @crdeprada

If you want to be informed, do not miss our PRESS ROOM. And if you are looking for a house, enter Foroprovivienda

Did you like the article? Share it!Share on Facebook
Facebook
0Tweet about this on Twitter
Twitter
Share on LinkedIn
Linkedin
Email this to someone
E-mail
Print this page
Print

Leave a comment

Your email address will not be published. Required fields are marked *

This website uses its own and third party cookies in order to facilitate navigation and analyze the use of it. By continuing browsing we understand that you accept our Cookies policy. You can change the settings of cookies at any time. ACCEPT