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How much earnest money should be deposited?
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There is no set amount. The amount is determined by both parties on the executed contract.
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What if the earnest money check does not “clear?”
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If the contract states an amount to be deposited with the title company and the check does not clear the bank, the contract is void.
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What if the Buyer changes his mind, after signing?
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If the buyer has purchased an option period, he has the unrestricted right to terminate during that time period.
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What are the time limits for all inspections?
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Prior to closing.
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