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What Is Earnest Money and How Much Should You Offer in Idaho?

Earnest money is a deposit a buyer submits along with an offer to demonstrate good faith — a signal to the seller that you intend to follow through, not tie up their home while you keep shopping. In most Treasure Valley transactions it accompanies the signed RE-21 (the standard Idaho REALTORS residential purchase contract) and is delivered shortly after the offer is accepted.

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What Happens During the Inspection Period in an Idaho Home Purchase?

The Idaho REALTORS RE-21 form — the standard residential purchase contract used in most Treasure Valley transactions — defaults to a 10-day inspection period measured from the date both parties sign and the contract becomes effective. That number is filled in on the offer form, and it can be negotiated up or down.

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