Earnest Money Review Guide
EARNEST MONEY REVIEW GUIDE
Date _________________ _______________________________/________________________________
Seller Buyer
Yes No N/A
1. Land Use & Zoning Regulations...... ____.... ____. ____
2. Probate / Bankruptcy / Foreclosure ..... ____.... ____. ____
3. Does Buyer Intend to Get a Loan .............. ____.... ____. ____
(Conventional / FHA / VA / FMH)
4. Does Buyer Understand That Loan Requirements Include:
1. Credit and Financial Statement ... ____ ____ ____
2. Appraisal... ____ ____ ____
3. Pest Report and Repairs ... ____ ____ ____
4. Well Tests. ____ ____ ____
5. Septic Pumped and Inspection ... ____ ____ ____
6. Road Maintenance Agreement ... ____ _____ ____
7. Geological Report ____ ____ ____
5. 1031 Exchange – Discuss Facilitator Costs ____ ____ ____
6. Seller’s Property Disclaimer / Disclosure Statement ... ____ ____ ____
7. Seller’s Lien Notice and Disclosure (New Construction)... ____ ____ ____
8. Seller’s Siding Disclosure ... ____ ____ ____
9. Seller’s Lead Paint Disclosure ... ____ ____ ____
10. ______ Days for Buyer or Paid Expert’s Inspection ... ____ ____ ____
11. New Construction Warranty ... ____ ____ ____
12. Homeowner’s One Year Protection Plan ____ ____ ____
13. Mobile Home Materials (Formaldehyde, Aluminum, Polybutylene)... ____ ____ ____
14. Structural Inspection ... ____ ____ ____
15. Whole House Inspection ... ____ ____ ____
16. Pest Inspection ... ____ ____ ____
17. Roof Inspection ... ____ ____ ____
18. Wood Stove – Buyer’s Insurance Agent Inspection ... ____ ____ ____
19. Septic Pumped and Inspected / Septic Feasibility (Leach Field Location) ... ____ ____ ____
20. Wells, Cistern, Springs – Flow & Potability Test (Bacteria and Nitrates, Top-20) ____ ____ ____
21. Property Unimproved (No Utilities, Well, Septic).... ____ ____ ____
22. Geological Hazard Maps (Oceanfront, Riverfront, Hillsides) ... ____ ____ ____
23. Flood Plain. ____ ____ ____
24. Personal Property ... ____ ____ ____
25. Boundaries ____ ____ ____
26. County / City Development Costs (Lots, Land) ____ ____ ____
27. Preliminary Title Report .... ____ ____ ____
28. Walk-Through Inspection ... ____ ____ ____
29. CC&Rs..... ____ ____ ____
30. Tenants ____ ____ ____
31. Soil Report -- Commercial / Industrial Property ... ____ ____ ____
32. Arbitration vs. Litigation.... ____ ____ ____
33. Local Improvement Districts ... ____ ____ ____
34. Fire Department District ____ ____ ____
35. No Undisclosed Damage or Standing Water ____ ____ ____
36. Buyer’s Guide Book (see Coldwell Banker Oregon Coast Realty)... ____ ____ ____
37. Smoke Alarms ____ ____ ____
38. Agent Reimbursement ____ ____ ____
Name of Trust: _____________________________________________________________________