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Get Form 31. Earnest Money Promissory Note (rev. 7/10)
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How to fill out the Form 31. Earnest Money Promissory Note (Rev. 7/10) online
Filling out the Form 31. Earnest Money Promissory Note correctly is essential for ensuring smooth transactions in real estate. This guide will provide you with clear and straightforward instructions to help you complete the form online.
Follow the steps to fill out the form accurately and efficiently.
- Click ‘Get Form’ button to obtain the form and open it in the document editor.
- In the space marked 'Earnest Money Promissory Note,' enter the total amount you are agreeing to pay as earnest money.
- Specify the location, '___________________________, Washington,' where the transaction will take place.
- Under the section labeled 'Buyer,' fill in your name or the name of the buyer(s) involved in the transaction.
- Next, indicate the name of the Selling Firm or Closing Agent in the corresponding field.
- In the field for the earnest money amount in both words and numbers, fill in the total sum you are committing to pay.
- Choose a payment timeline by marking the appropriate option—either 'within 3 days following mutual acceptance of the Purchase and Sale Agreement' or fill in a custom timeline.
- Under the section referencing the real estate transaction, provide the name of the Seller involved.
- Insert the date of the Purchase and Sale Agreement in the designated space.
- Finally, date the form on the specified line at the bottom.
- Having completed the form, save your changes, and download a copy for your records, or print and share as necessary.
Complete your necessary documents online for a smoother transaction process.
Most importantly, in the “note” section at the bottom left corner of the check, write “Earnest Money” or “EM” and the address of the property you are buying. Please get at least a copy of your check (dated and with a signature of who received it) when you drop off your check.