ONLINE EARNEST MONEY QUESTIONNAIRE

ONLINE EARNEST MONEY QUESTIONNAIRE

830-393-6496 - Fax 830-393-9426

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1. Seller's Name:

2. Seller's Spouse's Name:

3. Seller's Address:

a). Phone Number at Work:

b). Phone Number at Home:

c.) Cell Phone Number:

d). Fax Number:

e). Email Address:

4. Buyer's Name:

5. Buyer's Spouse's Name:

6. Buyer's Address:

a). Phone Number at Work:

b. Phone Number at Home:

c. Cell Phone Number:

d. Fax Number:

e.) Email Address:

7. Are You the:

Seller? -

Buyer? -

Who is the Real Estate Agent Representing Seller?

Who is the Real Estate Agent Representing Buyer?

8. Legal Property Description: [Note - Best if quoted from deed into the Sellers]

9. Sales Price:

10. Is Buyer Borrowing Money? Yes - No -

11. If answer to 10 is "yes," how much will the down payment be?

12. If answer to 10 is "yes," who is loaning money? Seller? (Owner Financed) - Third Party Lender?

13. If the answer to 12 is seller (owner financed), what are the terms of the note?

Interest rate? Number of years to pay?

13A. If the answer to 12 is Third Party Lender, what happens if the Buyer cannot obtain a loan?

The contract terminates and buyer may have a return of earnest money.

The contract terminates and the seller keeps the earnest money as liquidated damages.

14. Amount of earnest money to bind the contract? [1. This money will be held by title company until closing. 2. Normally 1% to 5% of the selling price.]

15. Title Policy ( "guaranteed title" ) to be paid by: Seller? Buyer?

16. Will a survey be required? Yes No

17. If survey is necessary, who is going to pay? Seller Buyer

18. For an additional fee, which will be kept by the Seller, do you want the Buyer to have a free look at the property and the title and be able to back out, but still get his earnest money returned? If so, the amount of the non-refundable fee:

[This is usually a small fee of $100 to $500.]

The number of days the Buyer has to decide:

19. Is the buyer accepting the property "as is" or with a warranty? As Is With Warranty

20. If the answer to 19 is "with warranty," please explain the terms of the warranty.

21. Who is paying the real estate agent? Seller Buyer How much?

22. The Contract will have a closing date. If the transaction is ready to close before that date, and all parties agree, that is acceptable. However, the transaction should not close after this date.

What date would you like on the contract?

23. Normal and customary fees for the Seller include the deed, releases of liens and all matters necessary to clear the title and transfer it to the Buyer. Normal and customary fees for the Buyer include all loan fees and legal fees relating to document preparation required by the lender. Escrow and closing fees are separate and apart from the above normal and customary fees. The Seller and Buyer normally split the escrow and closing fees 50/50. Are the Seller and Buyer paying their own normal and customary fees? Yes No

24. If "no," then please explain who is paying for what.

25. Which party is Foster & Harvey, P.C. to represent?

Seller? Buyer?

Thank you for choosing Foster & Harvey, P.C. We will earn your confidence every step of the way. Welcome aboard

830-393-6496 - Fax 830-393-9426

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