Downpayment on a purchase?
CLP Estate has no relationships with money transactions in the settlement. The buyer pays usually $1000 – 5000 as down payment upon order, which is part of the purchase price. The builders normally requires between 5 – 10% total within a few days after signing of contract, and then the rest at closing. The payment normally goes to an escrow account with a Title company, and is refundable within agreed dates in the event the purchase should fell through.
