How a Good Faith Deposit in Real Estate Works

September 25, 2025
A real estate agent handing house keys to a smiling couple outside a modern home with a contract and money on a table nearby.

When you buy a house, you will likely encounter the term “good faith deposit” during negotiations with sellers. A good faith deposit, also known as earnest money, is a financial pledge that demonstrates your serious commitment to purchasing a property and signals to sellers that you are a genuine buyer rather than someone casually browsing…

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Protect Yourself with Contingency Clauses in Real Estate

September 23, 2025
A real estate agent and client reviewing documents together at a desk in an office with a city view.

In real estate transactions, contingency clauses in contracts serve as critical protections for buyers and sellers. These contractual conditions must be met within specific timeframes for the sale to proceed, providing legal safeguards and negotiation leverage. Contingency clauses allow parties to exit a real estate contract without financial penalty if certain conditions aren’t satisfied, such…

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