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mommy2Alex
3 babies for me :)
Member since 5/05 6683 total posts
Name:
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How much at contract?
I am confused, did you put your entire down payment down at contract or just a portion, with the remaining at closing? In our offer we said the entire 15% but now I am nervous. This whole house buying thing has got me so nervous  
Message edited 5/24/2007 8:44:11 AM.
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Posted 5/24/07 8:43 AM  |
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Prudential Douglas Elliman Real Estate
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SweetTooth
I'm a tired mommy!
Member since 12/05 20105 total posts
Name:
Lauren
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Re: How much at contract?
you put down only part at contract and the rest at closing.
if the contract falls through because you have to back out, you don't want the seller to keep your money (although it is very difficult for that to happen)
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| Posted 5/24/07 8:51 AM |
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angnick
Life is So Wonderful!
Member since 8/06 6663 total posts
Name:
Angela
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Re: How much at contract?
we put down the entire 10%
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| Posted 5/24/07 9:04 AM |
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MrsFlatbread
Skinny jeans are in my future
Member since 6/06 10258 total posts
Name:
Baby Momma
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Re: How much at contract?
we put 10,000. try to put the least ampunt you can at closing because you lose this amount if you back out for any other reason than not getting approved for a mortgage.
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| Posted 5/24/07 9:33 AM |
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belladi
LIF Adult
Member since 9/06 1011 total posts
Name:
diana
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Re: How much at contract?
we put 10k then the 40k at closing
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| Posted 5/24/07 9:43 AM |
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Akajt98
Sooo Excited
Member since 6/06 2252 total posts
Name:
Jill
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Re: How much at contract?
We put $15k and balance at closing.
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| Posted 5/24/07 9:51 AM |
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kerrycec03
Mom of 2 beautiful boys!!
Member since 6/06 13519 total posts
Name:
Kerry
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Re: How much at contract?
we put down 5% at contract, and 5% at closing
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| Posted 5/24/07 10:25 AM |
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alnem
This is gonna be a good year!
Member since 2/06 9562 total posts
Name:
Emily
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Re: How much at contract?
the minimum any attorney will accept these days is 5% of the sale price at contract signing. the balance you can give at closing.
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| Posted 5/24/07 10:35 AM |
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Re: How much at contract?
We only put 10 because that is all we had since we need our house to sell but I am glad it is so low. Our purchase is contignet on the sale our home and if we backed out then they would keep half and I rather loose $5k then $50K.
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| Posted 5/24/07 11:36 AM |
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Tine73
Member since 3/06 22093 total posts
Name:
*********
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Re: How much at contract?
We put $40k down at contract.
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| Posted 5/24/07 1:13 PM |
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csorisi
My 2 LOVES
Member since 11/05 1984 total posts
Name:
Corinne
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Re: How much at contract?
We put down 5% of the purchase price which is what we agreed to when we put in our offer.
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| Posted 5/24/07 1:34 PM |
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lorich
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Member since 6/05 9987 total posts
Name:
Grammie says "Lora Gina"
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Re: How much at contract?
We only put $5k at closing and it was sufficient.
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| Posted 5/24/07 8:22 PM |
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Re: How much at contract?
We had to put 10% down or we weren't allowed to buy it... So frustratin when you find this out two days before you sign the contracts  so I have no money this week! 
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| Posted 5/24/07 8:37 PM |
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