The Earnest Money Needs To Be Delivered Per The Terms Of The Purchase Agreement
This Is Typically Within 24 Or 48 Hours Of The Acceptance Of The Purchase Agreement
Earnest Money Is Typically 1% Of The Purchase Price. This Amount Will Most Often Become Part Of Your Down Payment At Closing. Earnest Payments Are Held In An Escrow Account Typically By The Listing Brokerage. That Payment Demonstrates To The Seller(s), That the Buyer(s), Are Serious About Closing On The Purchase Of The Property. Most Purchase Agreements Have Contingencies, Like Mortgage, Inspection and More. These Contingencies Typically Allow For Full Refund Of The Earnest Money Under Certain Conditions.
You Can Pay The Earnest Money With Either a Personal Check, A Bank Check Like a Cashier's Check Or A Money Order, Or You Can Easily Pay Electronically Using The Earnnest App
Just Let Your Agent Know Which Option You Prefer!
Paper checks typically need to be hand delivered to the Listing Broker's actual office. Note with a hand full of Brokerages you may be able to drop off the Earnest Money check at a nearby branch office. However, more often the Earnest Money check will need to be delivered to the Listing Agent's actual office which can be in another part of the Greater Indianapolis Area!
Another option, that eliminates the hand delivery of the check, is that you can pay Earnest Money with the largest digital Earnest Money service in the USA that provides a secure, compliant and fully digital / electronic transfer of Earnest Money funds at a 1-time cost of $24.00. You can use the "online" Earnnest App from any computer, or a mobile device with internet connectivity.
NOTE: Some National & Regional Builders Also Support/Require Paying Earnest Money Using An Electronic Direct Payment Process.
Paying The Earnest Money Electronically Using The Earnnest App
Find Out About Recent Market Activity If You Are Considering Buying Or Selling!
Generally Speaking What Goes Into The Value Of A Property
1/3 Is About The Property Itself: The Location, Condition, Updates, Bed & Bath Count, Size, Age & All Features
1/3 Is About Similar Places For Sale A Buyer Could Also Buy, At The Same Time, In The Same & Similar Areas
1/3 Is About What Similar Properties, In The Same Or Similar Areas, Have Sold for In The Last 6-12 Months
Real estate values are not like a ten-dollar bill that is worth $10 regardless of if it’s crisp and brand new, or if it’s twenty years old, dirty and torn. Neither the condition of the bill in your hand, the condition of other ten-dollar bills, nor the location of where you are holding the bill will change its value! If the value of real estate was also this precise and exact, just like the value of a dollar bill, then there would frankly be no need for real estate agents!
When you are thinking about buying or selling accurately evaluating the value of a house, townhouse, or condominium is a complex calculation that leverages years of experience and expertise like Mitch has, as one of the Top REALTOR's in the Greater Indy area! So let's start at the very beginning - with the RIGHT price! And the best way to find the RIGHT price is to ask Mitch.
What Is A Greater Indianapolis Property Worth
For Sellers, Get An Even More Precise Valuation Of Your Greater Indy Property, After You Have Completed The 1st Above... Feel Free To Share Additional Details Here
The 4 Most Common Ways To Determine The Value Of A Property, From The Highest Accuracy (4 stars) To The Least Accurate (1 star)

About Mitch
Mitch leverages his local expertise, combined with his meaningful business and life experiences, and decades of professional leadership and growth in the construction and technology industries to contribute to his success as one of Greater Indy's Top REALTORs.
Mitch is committed to helping change the lives of his clients as they start their next chapter, by making it easier, more enjoyable and more profitable for his clients that design, build, buy, and sell their home, condo, townhouse or investment property!