Why canât information be deleted from the credit report? Experian stores information from credit grantors and public records in compliance with the Fair Credit Reporting Act. When you use credit, a record of your payment history is reported to credit reporting agencies.
(Updated March 4, 2016) No. Earnest money is not necessary to make an otherwise accepted offer into a valid contract. Earnest money is a buyer-performance item required to be deposited after a contract is fully executed. A contract could become effective even if no earnest money is required in the agreement.
If youâre working with a real estate agent, he/she should be able to tell you what the norm is for your area and price range. Ask your agent how much of an earnest money deposit you should pay, for the type of property you seek.Stick to the local norm as much as possible, to avoid losing the home to a stronger buyer / offer.ereâs the short answer. In a slow real estate market, where the seller isnât getting very many offers, you might only have to pay $500 â $1,000 in earnest money. In a fast-moving market, where there is more demand for homes, you might have to make a bigger deposit, perhaps up to 2% or 3% of the offer amount.