Home Buying in Gloucester>Question Details

Sheba_sntw, Home Buyer in Mathews, VA

Earnest money-the law in regards to whether u have to have earnest money in Virginia to obtain a house.

Asked by Sheba_sntw, Mathews, VA Sun Dec 29, 2013

Do u have to absolutely have to have earnest money to buy a house in Virginia? Is it law or choice?

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Answers

1
To my knowledge EMD is not a law and/or required, but it is customary and common. There is a spot for it on the purchase contract. Sellers like to see an EMD as it shows the buyers interest and readiness to buy.

This is simply my opinion and not to be taken as legal advise as I am not an attorney. I would suggest that you contact a Real Estate Attorney for all the legal details.

If I can be of any further assistance please feel free to contact me.

Have a Happy New Year!

Best Regards;
Anthony Alleva, CSSA
Certified Short Sale Agent
REO REALTOR®
License #0225-205922
Allison James Estates & Homes
Cell: (757) 768-9412
Fax: (800) 215-0211
Email: info@anthonyalleva.com
Website: http://www.AnthonyAlleva.com
0 votes Thank Flag Link Mon Dec 30, 2013
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