When making an Offer to purchase a property, the Deposit shows good faith on the Buyer’s part that they are serious and qualified to make the purchase. The Deposit amount is held in trust and applied to the purchase price of the home when the sale closes. According to the Agreement of Purchase and Sale, the Deposit can be made 1) Herewith 2) Upon Acceptance 3) As Otherwise Described in this Agreement Herewith means at the time the offer is made.  In a competitive multiple... [read more]