Conclusion: The conclusion is the final step in a real estate transaction between the buyer and the seller. All contracts are concluded, money is exchanged, documents are signed and exchanged and title is transferred to the buyer. The display template is available using the buttons that accompany the preview on this page. You can view the receipt before you download by clicking on the image, and you can receive it as a word processing document or pdf by selecting the corresponding button in the subtitle area or any of the links above. Earnest Money Deposit: A serious money deposit is a deposit that shows the buyer`s good faith and obligation to continue buying the property. In return for the buyer who makes a serious deposit of money, the seller removes the property from the market. At the conclusion of the purchase, the deposit of the money is credited with the purchase price. If the contract is terminated under the terms of the contract, the deposit of money is normally refunded to the buyer. This contract can be used for any purchase or sale of residential real estate as long as the construction of the house is completed before the contract is concluded. The main purpose of issuing these documents will be to verify the receipt of Earnest Money held by a third party. Start with the message of the calendar date to which earnest Money was received by the agent who acts as Earnest Money Holder in the first empty line (top of the page). c Document the full name of the person who gave the serious money on the empty space just before the term “The Earnest Money Holder… was received. The next two empty lines are reserved to document the amount of the dollar sent to the Earnest Money Holder that issues this receipt.
Write the dollar on the empty space after “… Receipt Of The Earnest Money In The Amount Of” then, you produce the numerical value of the dollar amount on the empty line in the bracket. We must now indicate how that money was obtained. A short list of boxes has been displayed to provide this information. Check the checkbox titled “Check,” “Credit Card” and/or “Other” to determine how earnest money was received. Note: If you checked “Divers” because the money was deposited as a cheque or credit card, you should use the blank line shown to define how it was received (i.e..