If the buyer is proceeding to purchase the Des Moines Iowa House they will be putting a deposit down. This deposit is called the earnest money which can range from $500-$2000. It will be made out to the seller of the Des Moines Iowa Home for Sale, but a third party will be holding the check. The third party can be the either the buyer’s Des Moines Real Estate Agent or an Escrow Attorney.
The third party will hold the check until it needs to be turned to the seller or back to the buyer. The details are in the Escrow Agreement; this agreement will also become a record of the money. When you hire and pay commission for the Des Moines Iowa Real Estate Agent one of their duties is to provide the Escrow Agreement.
If you have chosen to sell your Des Moines Iowa Home “for sale by owner” an Escrow Agreement will be useful. To find all of the necessary documents to finalize the purchase of your home, try Office Max or any major office supply store.
When buying or selling Des Moines Iowa Real Estate buying a home warranty is recommended. This warranty insures all of the major appliances (electrical, plumbing, heating and cooling); it will become a great selling tool to the seller. The cost can range from $300-$400, depending which plan you have chosen. The buyer can renew the warranty every year, if they so choose. A new house will always offer a home warranty by the builder.
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