Earnest Money – Your Financial Promise
Episode 07: Sale Contract Deposits
Earnest Money – Your Financial Promise How much money should I put down when I make an offer on a property? Information on typical Earnest money deposit amounts When is it refundable When is it no longer refundable
How much money should I put down when I make an offer on a property?
Information on typical Earnest money deposit amounts
When is it refundable? When is it no longer refundable?
Episode Highlights:
- The purpose of the Earnest money is for the buyer to show good faith, to show their commitment to the transaction.
- Earnest money amount should be in line with the sales price and your down payment.
- The Earnest money is deposited funds that will go into, and be held in an escrow account, to be dispersed at closing.
Free Downloads: Earnest Money
