Download the Chinese version of the residential sales and sales guide, which terminates a sales contract without any eventuality, which usually means that the seller has the right to keep your deposit for your serious money. In general, a serious money deposit is designed as a gesture of good faith and is filed with a signed sales contract to block your offer. But it also serves as an insurance policy for the seller. Like you, the seller may include his own contingencies in the sales contract. They must be agreed upon by both parties, but once included, a seller`s contingencies work in the same way as yours as buyers. If one of the seller`s contingencies is not satisfied, he may terminate the contract under the terms of the contract. A conditional agreement means that the sales contract has one or more conditions that must be met on a specified date. It is the buyer who pays the down payment. Depending on what the contract says, the buyer can pay the down payment if he signs the contract or if the contract becomes unconditional. As a general rule, the deposit into the Agency`s trust account is held for 10 business days before being released to the seller.

If you add a Sunset clause to the purchase and sale agreement, you can be sure that your offer has been accepted or declined until that time and date, which will allow you to offer real estate. If you bid for another property while waiting to hear about your first offer, you may find yourself in a situation where both offers are accepted and you have committed to buying two properties. Your purchase agreement contains information about how the house is paid for. If the buyer does not pay in cash, he needs some kind of financing (i.e. a loan) to buy the house whose details are written in the contract. You can submit an unconditional offer, i.e. there are no specific conditions to be fulfilled or that you can include in your offer one or more conditions (which must be met until a specified date). Ask your lawyer or advisor to check the sales contract and all the conditions you include before signing.