I am a newbie and have 2 quick questions re: assignments
1. I see that a lot of people in these forums always say make sure that you add the words "and/or assigns" after your name, but I see on both of these contracts that this wording is already there where the Buyer puts his/her name. Is everyone talking about after your signature? Also, is 1 agreement better to use than the other? Why?
2. In the agreement to purchase (page 2), it talks about the amount of the down payment. Do we as buyers/assignors leave this blank? Is the contract binding with only the earnest money deposited? What is typical amount of earnest money put down?
Anyone's help would be greatly appreciated.