Comments on: Earnest Money: Clarifying The Confusion For Pensacola Home Buyers – Part 1

By: Paula Henry, Indianapolis Real Estate

Paula Henry, Indianapolis Real Estate — Sat, 24 Nov 2007 13:01:47 +0000

Karl – Great presentation of a complicated and misunderstood subject.Although it is true earnest money is not required, many sellers do not accept “love and affection” or a “promise” as a serious offer.

By: Charles Woodall, Dothanhomesearch.com

Charles Woodall, Dothanhomesearch.com — Fri, 23 Nov 2007 16:08:55 +0000

This is good stuff Karl. Very in-depth coverage of something that is often not fully understood by buyers and sellers. I am looking forward to the next post.

By: Karl

Karl — Fri, 23 Nov 2007 15:30:17 +0000

It is true, as I have found, that many people don’t understand the earnest money concept. Thanks for the support on this one.

I also appreciate the comment about earnest money NOT being required. In my goal of explaining the earnest money concept, I somehow forgot to point this out. I’ll make sure to add it in Part 2 of the article.

Great input. Thank you.

By: real estate contract

real estate contract — Fri, 23 Nov 2007 14:55:39 +0000

I think that it is also important to note that earnest money is NOT required for a real estate contract or purchase agreement to be valid. While it is advisable for a buyer to include earnest money with an offer, it is much less important in a “buyers market” atmosphere such as the market we are in now.

By: Gainesville Real Estate

Gainesville Real Estate — Fri, 23 Nov 2007 14:45:27 +0000

Great post, there is a cloud of ignorance around home financing. I wish more people like you would just explain things in simple terms so the common man can understand what is going on.