Tag: Real Estate Terms

What Is Earnest Money?
Posted on 01/27/2020
What Is Earnest Money?
Photo by Mercigod via Shutterstock Earnest money is the amount of money put down for a large purchase. While this is not limited to real estate, it is used frequently in the real estate industry. It’s a sign of good faith from the buyer to the seller and normally constitutes about 1%-5% of the home’s price. How much...
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