General

Complete "Acceptance Deadline Date" checklist. This goes along with the "Acceptance Deadline Time".

We typically use 1 or 2 days from the time the offer is submitted as this deadline, but will often be flexible based on the Seller's needs. We sometimes will be a little more aggressive with this date if it is advantageous for us to do so.

https://RealEstateFinancialPlanner.com/acceptance-deadline-date/

Complete "Acceptance Deadline Time" checklist. This goes along with the "Acceptance Deadline Date".

We typically use 6 PM MST for this deadline although it does vary quite a bit depending on the situation.

https://RealEstateFinancialPlanner.com/acceptance-deadline-time/

Complete "Alternative Earnest Money Deadline" checklist.

We typically use "MEC + 2 Days" for the "Alternative Earnest Money Deadline" so that you can have two days after the contract is accepted to get your Earnest Money to the Earnest Money Holder.

IMPORTANT NOTE: If you're traveling or unable to perform on 2 days after acceptance the time to tell your Real Estate Broker is before you write your offer (not after). It is not a good start to the relationship with the Seller to have to change a deadline right after going under contract.

https://RealEstateFinancialPlanner.com/alternative-earnest-money-deadline/

Complete "Acceptance Deadline Date" checklist. This goes along with the "Acceptance Deadline Time".

We typically use 1 or 2 days from the time the offer is submitted as this deadline, but will often be flexible based on the Seller's needs. We sometimes will be a little more aggressive with this date if it is advantageous for us to do so.

https://RealEstateFinancialPlanner.com/acceptance-deadline-date/

While we are waiting for the Acceptance Deadline Date, your Real Estate Broker will be staying in touch with the Seller's Real Estate Broker and waiting for a reply to your offer.

While we are waiting for the Seller to accept your offer, you should prepare yourself for providing Earnest Money which will be due immediately after acceptance.

Also, you should be preparing for getting your loan and arranging for the Down Payment you'll need for Closing.

Complete "Acceptance Deadline Time" checklist. This goes along with the "Acceptance Deadline Date".

We typically use 6 PM MST for this deadline although it does vary quite a bit depending on the situation.

https://RealEstateFinancialPlanner.com/acceptance-deadline-time/

This is the time portion of the "Acceptance Deadline Date". See that checklist for more information.

Complete "Alternative Earnest Money Deadline" checklist.

We typically use "MEC + 2 Days" for the "Alternative Earnest Money Deadline" so that you can have two days after the contract is accepted to get your Earnest Money to the Earnest Money Holder.

IMPORTANT NOTE: If you're traveling or unable to perform on 2 days after acceptance the time to tell your Real Estate Broker is before you write your offer (not after). It is not a good start to the relationship with the Seller to have to change a deadline right after going under contract.

https://RealEstateFinancialPlanner.com/alternative-earnest-money-deadline/

Once your contract is accepted your Real Estate Broker should be preparing an "Earnest Money Receipt" and coordinating with you to get the Earnest Money to the Earnest Money Holder before the Alternative Earnest Money Deadline.

Give your Real Estate Broker the Earnest Money with enough time for them to deliver it to the official Earnest Money Holder (as specified in the "Contract to Buy and Sell Real Estate").

This must be done prior to the Alternative Earnest Money Deadline specified in the "Contract to Buy and Sell Real Estate". The amount of Earnest Money is also specified in the contract.

Once your Real Estate Broker (or in some rare cases you) delivers your Earnest Money to the official Earnest Money Holder, an "Earnest Money Receipt" is usually issued. You should get a copy.

Once you have a copy of your "Earnest Money Receipt", save a copy of it to your property's folder in Dropbox with the filename formatted as:

"YYYY-MM-DD - 1234 Main St - Earnest Money Receipt.pdf"

Once you receive your copy of the "Earnest Money Receipt" after your Earnest Money is delivered to the Earnest Money Holder, provide a copy of the "Earnest Money Receipt" to your Lender.