The total amount paid by the buyer to the seller to obtain a property is known as the purchase price. As a Buyer, when you make an offer on a property, you have to put down a deposit. This deposit forms part of your purchase price. Once the seller accepts the offer, the deposit is typically paid to the listing brokerage within 24 hours in the form of a bank draft or certified cheque. Make the home buying process straight-forward from the start. Talk to me today.
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