{"id":1672,"date":"2022-05-01T18:05:39","date_gmt":"2022-05-01T18:05:39","guid":{"rendered":"https:\/\/www.bbadvocats.com\/?p=1672"},"modified":"2022-05-02T09:04:09","modified_gmt":"2022-05-02T09:04:09","slug":"the-deposit-contract-in-the-real-estate-sale%ef%bf%bc","status":"publish","type":"post","link":"https:\/\/www.bbadvocats.com\/en\/2022\/05\/01\/the-deposit-contract-in-the-real-estate-sale%ef%bf%bc\/","title":{"rendered":"The earnest money contract in the real estate"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.14.7&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row _builder_version=&#8221;4.14.7&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.14.7&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.14.7&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><strong>The earnest money contract<\/strong> is of utmost importance, because it is the private agreement that will later be embodied in the public deed, and that supposes a disbursement of money that normally is destined to the payment of part of the price. But it is not always like that, and depending on the type of deposit, these can be a guarantee of the fulfillment of the contract, of the possibility of withdrawal with penalty, or of confirmation of the sale with advance payment of part of the price.<\/p>\n<p><span style=\"font-weight: 400;\"><\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Earnest money contract: types<\/span><\/h2>\n<p>There are<strong> three types of earnest money<\/strong> that we can use in the earnest money contract:<\/p>\n<ul>\n<li>Confirmatory earnest money<\/li>\n<li>Penalty deposits<\/li>\n<li>Penitential earnest money<\/li>\n<\/ul>\n<p>Each earnest money contract has different legal consequences; the <strong>lawyer should advise<\/strong> you on the most convenient type of earnest money contract, depending on the circumstances of the buyer and seller of the real estate.<\/p>\n<h3><span style=\"font-weight: 400;\">\u00a1Consult the expert <a href=\"https:\/\/www.bbadvocats.com\/%20\"><strong>real estate lawyer<\/strong><\/a>!<\/span><\/h3>\n<p>&nbsp;<\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The earnest money contract is of utmost importance, because it is the private agreement that will later be embodied in the public deed, and that supposes a disbursement of money that normally is destined to the payment of part of the price. But it is not always like that, and depending on the type of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[11],"tags":[],"class_list":["post-1672","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The earnest money contract in the real estate - B&amp;B Advocats<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bbadvocats.com\/en\/2022\/05\/01\/the-deposit-contract-in-the-real-estate-sale%ef%bf%bc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The earnest money contract in the real estate - B&amp;B Advocats\" \/>\n<meta property=\"og:description\" content=\"The earnest money contract is of utmost importance, because it is the private agreement that will later be embodied in the public deed, and that supposes a disbursement of money that normally is destined to the payment of part of the price. 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