Earnest money is designed to solidify the deal between you and the sellers. It shows you are serious and should give the sellers enough confidence to remove their home from the market just for you. Earnest money is also the primary "remedy"
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Prospect: " Am I to understand then that a contingency only applies to the purchase of a newly-built or under-construction home? If so, please share with me how other folks make this transition of selling a home in one state and relocating to another.
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