http://www.businessian.com/when-buying-a-home-who-chooses-the-closing-date-46104.html Business Ian Magazine , Businessmen & Business To Business Guide Wed, 08 Feb 2012 08:42:38 +0000 hourly 1 http://wordpress.org/?v=3.0.4 http://www.businessian.com/when-buying-a-home-who-chooses-the-closing-date-46104.html/comment-page-1#comment-74682 A J Fri, 30 Jul 2010 02:03:18 +0000 http://www.businessian.com/when-buying-a-home-who-chooses-the-closing-date-46104.html#comment-74682 I am experienced in Pennsylvania Real Estate. The $500 is indeed called ernest money - also called a deposit. If a realtor is involved in this transaction the terms are likely to all be detailed in a state-specific sales contract. Generally, all terms of a sales agreement contract are negotiable (including: deposit money, closing date, inspection deadlines, acceptable parameters of financing, etc.). He will likely propose a closing date to the seller, if the seller disagrees with any of the proposed terms they will make a counter-offer. Once both buyer and seller have agreed to all terms and initialed any changes to the sales contract then your brother is officially "under contract." I am experienced in Pennsylvania Real Estate. The $500 is indeed called ernest money – also called a deposit. If a realtor is involved in this transaction the terms are likely to all be detailed in a state-specific sales contract. Generally, all terms of a sales agreement contract are negotiable (including: deposit money, closing date, inspection deadlines, acceptable parameters of financing, etc.). He will likely propose a closing date to the seller, if the seller disagrees with any of the proposed terms they will make a counter-offer. Once both buyer and seller have agreed to all terms and initialed any changes to the sales contract then your brother is officially "under contract."

]]> http://www.businessian.com/when-buying-a-home-who-chooses-the-closing-date-46104.html/comment-page-1#comment-74683 dali333 Fri, 30 Jul 2010 02:03:18 +0000 http://www.businessian.com/when-buying-a-home-who-chooses-the-closing-date-46104.html#comment-74683 he can request a closing date, but the seller may also have some input as well.he may be able to rent from the owner for a while as he saves for his required deposit. he can request a closing date, but the seller may also have some input as well.he may be able to rent from the owner for a while as he saves for his required deposit.

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