Home » Buyers’ Path Table Of Contents » BP – Write and Negotiate the Offer – Send Earnest Money Instructions
Step 3: Send Earnest Money Instructions
Earnest money demonstrates buyer commitment and secures contract terms. While you do not collect funds, guiding the buyer ensures proper delivery and compliance.
Advise buyer not to wait until the last minute.
Send link to buyer and confirm deposit deadline.
Use when the attorney is the holding party for earnest money.
- All Earnest Money must be turned into the office, or via online submission as soon as possible after it is received. Do not hold earnest money in your possession for any longer than absolutely necessary
- Confirm receipt within the contractual timeframe.
- Remind buyer that processing delays may occur.
- Upload proof of receipt to DTR.
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Next: Confirm Binding Agreement
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