When do I pay?

I had a question this week that surprised me, so I thought I would bring it to you because you might have this question too.

The question was: I’ve made an offer on the house, if they accept it when is the money due?

There are two parts to that answer.

The first part is the deposit. The deposit can be paid in three different ways. First of all herewith, so you’ve got a check with the offer. The second is upon acceptance so within 24 hours of the offer being accepted. And the third one is as otherwise described in this agreement of purchase and sale.

The second part is the rest of the money that’s due on the closing day. We’ll explain further on this in the coming blogs.

If you have other questions about real estate, contact us. Let’s talk!

Watch the video here

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