Consideration

admin 2019.07.07 03:59 Views : 323

The benefit, interest or value that induces a promise, and the glue that binds a contract, is known as Consideration

 

The buyer will offer an earnest money deposit (this is the buyer's consideration). The seller will agree to sell the home to the buyer (seller's consideration). ... Consideration is held by a third party (usually) escrow or an attorney. Earnest Money Deposit is due at contract signing.

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