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Is earnest money refundable...
For most Americans, buying a home for the first time is a financial balancing act. You’re likely weighing your resources to make certain you’ve planned properly for a down payment, closing costs, and a monthly mortgage payment.
Is earnest money the same as a down payment
But the first financial step toward making it all happen is presenting an offer with earnest money.
In this post, we’ll help you get a full understanding of that first step, and how to avoid a misstep that could mean the difference between getting the home you want or having your offer rejected by the seller.
Step One: Talk to a Top Buyer's Agent
A top buyer’s agent can help you make the best offer on that home you love and protect your earnest money.
Tell us a little bit about your plans, and we’ll connect you with trusted agents in your selected market. It takes only a few minutes, and it’s free.
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What is earnest money in real estate?
Earnest money, also known as a good faith deposit, is the funds that a buyer puts down to show that they are serious about purchasing a piece of real estate from a seller.
The buyer typic
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