While buying a new home in St. Louis is always an exciting proposition, it is also an expensive one. There is the matter of coming up with the down payment on the home, and then also having to put up earnest money to put the home you want under contract (your earnest money is typically applied towards your deposit when the deal closes). According to Realtor.com, in some cases, a seller can require that you offer as much as 10 percent of the purchase price in earnest money. That money is your financial commitment to doing what's needed to buy the home and offers reassurance to justify the buyer taking it off the market. So when do you get it back?
March 2018 Archives
Estate planning is not always an easy topic to discuss, but there can be many advantages to addressing these plans head on. Despite the common assumption that this financial process is only for the elderly and the wealthy, Missouri residents who start sooner than later can save time and money in the long run. Recently, some experts have considered the wide range of benefits of beginning these plans early.