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What is a real estate down-payment?

The real estate down-payment receipt is a receipt for funds provided to a seller from a buyer because of the first payment towards a piece of property. A down-payment may be a percentage of the total sale price of the property in question and must be paid during the closing process. Most of the important information regarding the sale is going to be expressed during a purchase agreement, but a down-payment receipt may be a useful document for the customer to stay for his or her records. The receipt will show the date the down-payment was made, the down-payment amount (and the share it covers of the entire sale price), buyer name and address, and seller name and address.