Earnest Money Promissory Note Sample

State:
Colorado
Control #:
CO-RE-EMP
Format:
PDF
Instant download
This website is not affiliated with any governmental entity
Public form

Description

Earnest Money Promissory Note: This is an official Colorado Real Estate Commission form that complies with all applicable Colorado codes and statutes. USLF amends and updates all Colorado forms as is required by Colorado statutes and laws.

How to fill out Colorado Earnest Money Promissory Note?

Well-prepared official documentation is a fundamental safeguard against complications and legal disputes, but acquiring it without the assistance of an attorney may require time.

Whether you need to swiftly locate an up-to-date Earnest Money Promissory Note Sample or any other forms related to employment, family, or business circumstances, US Legal Forms is always available to assist.

The process is even more straightforward for existing users of the US Legal Forms library. If your subscription is active, you simply need to Log In to your account and click the Download button next to the document you selected. Additionally, you can access the Earnest Money Promissory Note Sample at any time later, as all the documents purchased on the platform are retrievable within the My documents section of your profile. Save time and money on preparing official paperwork. Explore US Legal Forms today!

  1. Confirm that the form is appropriate for your situation and locality by reviewing the description and preview.
  2. Search for another sample (if required) using the Search bar in the header of the page.
  3. Select Buy Now after you discover the suitable template.
  4. Choose a pricing plan, Log In to your account, or create a new account.
  5. Select your preferred payment method to purchase the subscription plan (using a credit card or PayPal).
  6. Choose PDF or DOCX file format for your Earnest Money Promissory Note Sample.
  7. Click Download, then print the template to complete it or upload it to an online editor.

Form popularity

FAQ

How to write your initial deposit check, or good faith deposit check, all wrongFind out the name of the title company and make the check payable to that particular title company.Put the property address in the memo line.Write a new check for every offer.

Earnest money is essentially a deposit a buyer makes on a home they want to purchase. A contract is written up during the exchange of the earnest money that outlines the conditions for refunding the amount. Earnest money deposits can be anywhere from 110% of the sales price, depending mostly on market interest.

The use of an earnest money promissory note usually contemplates the existence of a purchase agreement for real property. The enclosed document assumes that a purchase agreement will be created and signed by the parties, but that agreement is not provided as part of this form.

The owner must be aware that the earnest money deposit will be made in the form of a promissory note (i.e., not in cash) before it accepts the purchase offer. This fact must also be stated clearly in the purchase agreement itself.

An earnest promissory note shows good faith commitment to purchase an asset and outlines the aspects of the purchase agreement between a buyer and seller.

Trusted and secure by over 3 million people of the world’s leading companies

Earnest Money Promissory Note Sample