[nanci2539]

Okay, let me see if I understand this down payment stuff.

We buy a $400K designer home. We give $2500 in good faith. We don't get it back if we change our minds. Okay, that's as far as I got.

Do I understand that within seven days I then have to come up with $80,000?

What about the fact that my house has sold and it takes longer here to pass papers. That's where I'm getting my down payment.

So I guess I understand that I better sell my home first, pass papers and then go to TV to buy.

Do I have it right?

What about if you show the builder that you have sold your home and need to wait for that transaction to happen in order to put down the deposit. In our case, it would be much more than 20%. But we would need the money from the purchase of this home first.