Anonymous
Post 04/26/2013 23:32     Subject: Re:Can you use earnest money towards closing costs or down payment?
Geez. We put in $30k on a $735k house. The house ended up appraising for $35K less than the sale price so we would've had to bring that much to closing anyway but yeah, I'm surprised that people are able to bring so little EMD for $800-900+K sales!
Anonymous
Post 04/26/2013 22:52     Subject: Can you use earnest money towards closing costs or down payment?
10k on a 450k house.
Anonymous
Post 04/26/2013 20:09     Subject: Can you use earnest money towards closing costs or down payment?
$5K earnest money on $550K house
Anonymous
Post 04/26/2013 20:04     Subject: Can you use earnest money towards closing costs or down payment?
Wow. We were putting 40K on houses in the 600-700's. Why didn't my agent tell me it didn't have to be so high?
Anonymous
Post 04/26/2013 19:54     Subject: Can you use earnest money towards closing costs or down payment?
We put in $10k on a $540k house.
Anonymous
Post 04/26/2013 19:37     Subject: Re:Can you use earnest money towards closing costs or down payment?
We put $15k on a $700k house
Anonymous
Post 04/26/2013 19:12     Subject: Can you use earnest money towards closing costs or down payment?
We put in $15,000 on a 935,000 house.
Anonymous
Post 04/26/2013 17:14     Subject: Can you use earnest money towards closing costs or down payment?
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:We have put $15,000 as earnest money deposit (EMD) and we are moving towards closing in about a couple of weeks. The EMD is being held by our realtor's company (buyer agent). Since on the day of closing we are required to have the down payment and the closing costs in the form of a certified check (or something of that sort), is there any way to use the EMD towards this payment?

Thanks


Sorry, I am curious as to how much your house costs given your low EMD. Or maybe I just paid way too much...

How much did you put in?
My agent is fine with 20K on 800k offer



Wow. We put in 10%.
Anonymous
Post 04/26/2013 17:11     Subject: Can you use earnest money towards closing costs or down payment?
Anonymous wrote:
Anonymous wrote:We have put $15,000 as earnest money deposit (EMD) and we are moving towards closing in about a couple of weeks. The EMD is being held by our realtor's company (buyer agent). Since on the day of closing we are required to have the down payment and the closing costs in the form of a certified check (or something of that sort), is there any way to use the EMD towards this payment?

Thanks


Sorry, I am curious as to how much your house costs given your low EMD. Or maybe I just paid way too much...

How much did you put in?
My agent is fine with 20K on 800k offer
Anonymous
Post 04/26/2013 16:57     Subject: Can you use earnest money towards closing costs or down payment?
Anonymous wrote:We have put $15,000 as earnest money deposit (EMD) and we are moving towards closing in about a couple of weeks. The EMD is being held by our realtor's company (buyer agent). Since on the day of closing we are required to have the down payment and the closing costs in the form of a certified check (or something of that sort), is there any way to use the EMD towards this payment?

Thanks


Sorry, I am curious as to how much your house costs given your low EMD. Or maybe I just paid way too much...
Anonymous
Post 04/26/2013 16:21     Subject: Can you use earnest money towards closing costs or down payment?
Anonymous wrote:
Anonymous wrote:Earnest is applied to your down payment.


Yes. Always.


Actually, I haven't bought since the 90's, but EM check was never cashed - they gave it back at closing. But yes, they'll usually apply it to downpayment/closing costs. Same thing.
Anonymous
Post 04/26/2013 07:53     Subject: Can you use earnest money towards closing costs or down payment?
Thank you!
Anonymous
Post 04/25/2013 21:19     Subject: Can you use earnest money towards closing costs or down payment?
Anonymous wrote:Earnest is applied to your down payment.


Yes. Always.
Anonymous
Post 04/25/2013 20:45     Subject: Can you use earnest money towards closing costs or down payment?
Earnest is applied to your down payment.
Anonymous
Post 04/25/2013 20:40     Subject: Can you use earnest money towards closing costs or down payment?
We have put $15,000 as earnest money deposit (EMD) and we are moving towards closing in about a couple of weeks. The EMD is being held by our realtor's company (buyer agent). Since on the day of closing we are required to have the down payment and the closing costs in the form of a certified check (or something of that sort), is there any way to use the EMD towards this payment?

Thanks