Earnest Money Deposit Receipt

The buyer makes an offer on the property that includes the purchase price, earnest money amount, and any conditional language needed to close on the property.

The seller either makes a counter-offer or accepts the terms of the purchase agreement. This usually demands that the buyer make the earnest money deposit within 3-5 days of acceptance.

The buyer will usually make a bank wire to the seller (or their real estate agent) equal to the earnest money amount. Once the funds have been confirmed, the earnest monery deposit receipt will be signed by the receiver and given to the buyer.