*twitch*

[textualdeviance]

Officially saw the house.

In ridiculous, crazy love with it.

Waiting for our agent to call back and say she has offer paperwork ready for us to sign, and that 1% in earnest is enough in the short term.

Freaking out.

Comments

[textualdeviance.livejournal.com]

Oh, the down payment is still higher (usually 20% for most loans)--the earnest money is just the "yes, we're serious" check that goes with the offer and later gets applied to closing.

[thefirstalicat.livejournal.com]

Oh, the down payment is still higher (usually 20% for most loans)--the earnest money is just the "yes, we're serious" check that goes with the offer and later gets applied to closing.

Ah, okay then - I misunderstood your terminology. I think we gave the real estate agent a check for $5,000 as the "yes we're serious" amount, which as I recall wasn't a percentage thing but just was the "regular" amount required. Then, because of our circumstances, we were able to pay something like 2/3 of the total cost of the house as a "down payment" - which is certainly not the norm for any place, I don't think!