How much is the good faith deposit and who controls the money?
The good faith deposit is usually $2,000 (can be more or less depending on purchase price) and is held in escrow by a licensed and bonded title company. All monies are controlled by the title company. • Do I have to come to Florida for the closing? No. Contracts are sent via e-mail or fax and closing documents are sent via Federal Express. It is a very simple closing and we are here for the entire process. • Are contracts contingent on Buyer’s financing? No. We do not write contracts contingent on Buyer obtaining financing. • When an offer is accepted, how long before I can expect my proceeds from the sale? The normal time frame is about 7 weeks from offer to disbursing of funds. Of course, this is all predicated by how quickly DVC accomplishes the Right of First Refusal process. • What are your commissions? Due to the fact that we do not operate a store front in an internet driven marketplace, we can base commissions on each individual ownership. Please fill out the Free Online DVC Es
Related Questions
- Can personal funds in retirement accounts be used as a good faith deposit on a property and reimbursed later once the transfer is complete?
- Does he feel strongly that the income he receives from this is clean, honest money sowed from good faith?
- How much is the good faith deposit and who controls the money?
