If you are a buyer who got an offer accepted on a home, the earnest money deposit, which is outlined in the contract, is typically due right away. Within 2 business days is typical. It should be made out to whoever is holding escrow. The escrow is typically held by the listing agent’s brokerage. So you should probably pay it, but I would call your Realtor for clarification. Hope this helps!
How much do you put down for earnest money??? Let me know!
I signed the contract but did not send the earnest money and my realtor is asking for it do i need to pay?
Its only been a week
If you are a buyer who got an offer accepted on a home, the earnest money deposit, which is outlined in the contract, is typically due right away. Within 2 business days is typical. It should be made out to whoever is holding escrow. The escrow is typically held by the listing agent’s brokerage. So you should probably pay it, but I would call your Realtor for clarification. Hope this helps!