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Do you have to have earnest money to make a purchase and sale agreement contract legal (Real Esate)?
Published February 6, 2011
Question by wrecklessKane: Do you have to have earnest money to make a purchase and sale agreement contract legal (Real Esate)?
I been reading alot about buying real estate, and I was wondering do you really need earnest money to make a Standard Purchase and Sale contract legal? Or can you do one without earnest money and it’s still legal?
Best answer:
Answer by Real Estate Guy
yes, it’s called consideration. It can be any amount.
Give your answer to this question below!