<p>What is a Mutual Release?</p><p>Just a spin off a previous video about the Difference between Deposits and Down Payments when Buying a Home. I discuss in this Video what happens to the Deposit that was given with the Accepted Offer and the Buyer can't or refuses to Buy/Close the House.</p><p>The misconception out there is that the Seller gets to keep the Deposit. That is False. The Buyer and the Seller must agree to how the deposit will be dispensed and releasing the Buyer from any legalities of the deal. What is a Mutual Release? The Mutual Release is the form that must be agreed upon for this to happen. If, after 2 years, an agreement is not made between the Buyer and the Seller, the Deposit could go to Charity.</p><p>Not only does an accepted Mutual Release resolve the deposit issue but it also removes the buyer from any law suits from the Seller in the future. It's a very important document when the home does not close.</p><p>Any Tips on the Market and What to do to your Home and the Latest Trends in Decor and Staging, Give me a Call or Text (905) 971-5981 or email at teampaletta@gmail.com</p><p>Click the Button to Subscribe to my YouTube Channel For More Helpful Hints in Real Estate.</p><p>https://www.instagram.com/teampaletta/</p><p>https://www.facebook.com/larrypaletta/</p>

Does the Seller keep the Deposit? Who gets the Deposit when the House DOES NOT CLOSE? #realestate

Larry has extensive experience in the Residential & Commercial markets, selling both single family dwellings and multi-residential units across the Golden Horseshoe. As an active listing agent in the marketplace, his experience and ability has constantly afforded him a keen sense of market trends and competitive pricing plans within the urban boundaries of the Greater Hamilton & Burlington Area and into Niagara.

At the onset of his career in real estate, he worked in the new housing arena, which afforded the opportunities to assess the cost of construction and resale value in future markets. This, coupled with a family history in the construction business, has given him the edge in completing accurate and reflective comparative market evaluations that assists seller’s in obtaining optimal value for their real estate dispositions in a time encompassing manner. 

Larry graduate of the University of Western Ontario and holds a degree in Economics, He's a Sports Enthusiast and loves to inject a bit of humour whenever possible.

Currently he is registered Realtor with RE/MAX Escarpment Realty Inc., Brokerage in Hamilton, Ontario. A member in good standing with RAHB (Realtor’s Association of Hamilton Burlington) & a RE/MAX Hall of Fame and Platinum Award recipient. He holds the C-CREC (Certified Real Estate consultant), ASP (Staging Professional) & ASA (Seniors Agent) Designations. 

Using all modern Technology in his Listings including Social Media, Matterport, Virtual Tours, Great Photography, Drone Photography, High End Sign Posts as well as signage inside and outside the property. The Key to Larry's success has been his Quick Response Time.

He is a Full-Time Realtor in The Greater Hamilton-Burlington Area. Working with Buyers & Sellers in Residential & Commercial. Re-Sale, Condos, New Homes, Assignments, Power of Sales, Distressed Properties, Farms etc.

Subscribe to his YouTube Page for all of his Videos and Follow him on all Social Media @LarryPaletta and @TeamPaletta  and Google Larry Paletta RE/MAX.

Contact Info:
(905) 971-5981 and larrypaletta@rmxemail.com
























































































































































































































































































































































































































































































































































































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            <div class="s3testimonialBody"><span style="background-color: transparent;">Larry has extensive experience in the Residential &amp; Commercial markets, selling both single family dwellings and multi-residential units across the Golden Horseshoe. As an active listing agent in the marketplace, his experience and ability has constantly afforded him a keen sense of market trends and competitive pricing plans within the urban boundaries of the Greater Hamilton Area.</span></div><p><span style="background-color: transparent;"><br></span></p><p><span style="background-color: transparent;">At the onset of his career in real estate, he worked in the new housing arena, which afforded the opportunities to assess the cost of construction and resale value in future markets. This, coupled with a family history in the construction business, has given him the edge in completing accurate and reflective comparative market evaluations that assists seller’s in obtaining optimal value for their real estate dispositions in a time encompassing manner.&nbsp;</span><br></p><div class="s3testimonialBody">
            <br>Larry graduate of the University of Western Ontario and holds a degree in Economics, He's a S<span style="background-color: transparent;">ports Enthusiast and loves to inject a bit of humour whenever possible.</span></div>
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<span>&nbsp;</span><br>Currently he is registered Realtor with RE/MAX Escarpment Realty Inc., Brokerage in Hamilton, Ontario. A member in good standing with RAHB (Realtor’s Association of Hamilton Burlington) &amp; a&nbsp; RE/MAX Hall of Fame and Platinum Award recipient. He holds the C-CREC (Certified Real Estate consultant), ASP (Staging Professional) &amp; ASA (Seniors Agent) Designations.&nbsp;</div><p><br></p><p>Using all modern Technology in his Listings including Social Media, Matterport, Virtual Tours, Great Photography, Drone Photography, High End Sign Posts as well as signage inside and outside the property. The Key to Larry's success has been his Quick Response Time.</p><p>Realtor in The Greater Hamilton-Burlington Area. Working with Buyers &amp; Sellers in Residential &amp; Commercial. Re-Sale, Condos, New Homes, Assignments, Power of Sales, Distressed Properties, Farms</p><p>Subscribe to his YouTube Page for all of his Videos and Follow him on all Social Media @LarryPaletta and @TeamPaletta&nbsp;</p><p><a href="tel:(905) 971-5981">(905) 971-5981</a> and larrypaletta@rmxemail.com</p><p>Subscribe and Check our YouTube Page&nbsp;<span style="background-color: transparent;">&nbsp;<a href="https://www.youtube.com/channel/UCNO0N0rwq-c2X-BRLBU_5Dg" class="btn">YouTube</a></span></p><p></p><p>Make and Check My Google Reviews <a href="https://www.google.com/search?q=larry+paletta+re%2Fmax+escarpment+realty+inc.&amp;oq=LARRY&amp;aqs=chrome.1.69i60j69i59l2j69i57j69i60l2j69i65l2.2926j1j7&amp;sourceid=chrome&amp;ie=UTF-8" target="_blank" class="btn">HERE</a></p><p>Read my Blog&nbsp; <a href="http://theworldaccordingtolarry.wordpress.com" class="btn">&nbsp;Blog</a></p><p></p></td><td width="30%" align="center"><div class="s3testimonialBody"><em>Sales Representative</em>
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Hamilton Burlington Real Estate Agent. Making your Real Estate Adventure as enjoyable as possible. It's your money, your biggest Investment, allow me to be your Realtor & help you Find your next Home.

Larry Paletta

Does the Seller keep the Deposit? Who gets the Deposit when the House DOES NOT CLOSE? #realestate

What is a Mutual Release?Just a spin off a previous video about the Difference between Deposits and Down Payments when Buying a Home. I discuss in this Video what happens to the Deposit that was given with the Accepted Offer and the Buyer can't or refuses to Buy/Close the Hous...