What Do You Need To Purchase A Home
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Buyers Week: How Much Cash Do You Need to Buy a House? – To kick things off for Buyers Week, here is a rundown of some of the up-front costs associated with buying a home. earnest money Deposit After making an offer and coming to an agreement with the home seller, a buyer is generally expected to pay 1 to 3 percent of the purchase price immediately. This earnest money deposit is held until closing, when it becomes part of the down payment.
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