Agent offer question
Hi everyone!
This is a quick question that I had that about putting an offer inside the “offer to purchase”. Keep in mind that I am not the most practicing agent in terms of helping buyers and sellers but with the focus of buying my own househack and multifamily properties!
That being said, I have received 2 different answers from my broker and another agent in another brokerage.
So in the offer to purchase, there is the following:
1.) I will pay therefore $XXX,XXX, of which:
A.) $XXXX is paid herewith as a deposit to bind this offer
B.) $XXXX is to be paid as an additional deposit upon the execution of the P&S provided below
C.) $XXX,XXX is to be paid at the time of delivery of the deed in cash, or by certified, cashier’s, treasurer’s, or bank check(s).
D.$XXXX blank
So my question is do part A and part B have to add up to your down payment? My broker told me it should, but another agent made a really good point. Is it pretty risky to have the rest of your down payment in part B? The other agent mentioned that usually this on average is a few thousand or more depending on the purchase price, but not the rest of the down payment. I would love to hear your thoughts!