Timeline to buying a home with estimated costs

There is an initial deposit to bind the offer. This is only paid IF YOUR OFFER IS ACCEPTED. The amount can vary but is typically between $500 and $2,000. This deposit goes towards your total down payment.
You also have the right to withdraw and get your deposit back if issues are too big.
This Deposit is refundable if the terms of the P&S cannot be met or you cannot get a Mortgage Commitment by the date specified in the P&S. Typically, the first and second deposits will equal 5% of the purchase price.
Costs vary depending on total down payment and final closing costs.

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