Insider Drip: Sale Contract (Earnest Money)

May 16, 2018

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:

  1. The purpose of the Earnest money is for the buyer to show good faith, to show the commitment to the transaction.
  2. Earnest money amount should be in line with the sale price and your down payment.
  3. The Earnest money is deposited funds that are going to go into an escrow account, to be dispersed at closing.

Free Downloads: Earnest Money

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