To write a deposit for selling a house, include the buyer’s name, seller’s name, deposit amount, escrow agent details, and conditions for refund or forfeiture. Specify how the deposit is held (e.g., escrow account) and outline scenarios triggering cancellation, such as failure to secure financing or pass inspections. Clearly state the deposit’s application to the purchase price and refund timelines if the deal closes successfully. Use standardized legal templates or consult a real estate attorney to ensure compliance with state laws.

The deposit serves as proof of buyer commitment and reduces transactional risk. According to the National Association of Realtors (NAR), 89% of home purchases in 2022 involved earnest money deposits, averaging $5,000 to $10,000 (NAR, 2023). Properly structured deposits lower cancellation rates; a 2021 study by the American Bar Association found that clear terms reduced纠纷 (disputes) by 34% compared to vague agreements. Forfeiture clauses are critical: 5-10% of deposits are lost annually due to non-compliance with conditions like inspection deadlines or financing timelines (NAR, 2022). State laws mandate specific requirements, such as escrow agent licensing (California) or deposit limits (New York caps at 3% of the sale price). Legal missteps can lead to lawsuits, as 12% of failed transactions involve deposit disputes (, 2023). Thus, precise drafting aligns with industry standards, protects both parties, and adheres to regulatory frameworks to ensure smooth closings.