Paragraph 2 is where the purchase price and deposit live.
This is often where people first feel nervous, because the word ‘deposit’ sounds like risk.
But in Pennsylvania, the deposit is not a punishment. It’s a signal of good faith.
It tells the other side, ‘I’m serious.’
The key point is that deposits are protected by contingencies. Inspections. Financing. Due diligence.
You don’t lose a deposit because something unexpected happens.
You only risk it if someone walks away outside the rules everyone agreed to.
This section isn’t about trapping anyone.
It’s about clarity and commitment—on both sides.
Once you understand that, this part of the contract becomes clear rather than daunting.