Which document typically contains the earnest money deposit details?

The purchase agreement is the document that typically contains the details regarding the earnest money deposit. This document outlines the terms of the sale between the buyer and the seller, including the amount of earnest money, the conditions under which it is to be held, and how it will be applied to the purchase price if the transaction proceeds.

This deposit demonstrates the buyer's good faith intention to purchase the property and provides security to the seller during the period leading up to closing. The purchase agreement will specify aspects such as the deposit amount, the timeline for its submission, and how it will be managed in the event the transaction does not close.

Other documents, such as the closing disclosure, primarily focus on the financial aspects of the closing process, including final costs and fees, rather than the earnest money details. The property deed serves to transfer ownership but does not include earlier phases like earnest money agreements. The home inspection report is related to the condition of the property and does not concern the financial transactions related to the deposit. Thus, the purchase agreement is the key document in outlining the terms of the earnest money deposit.