Coldwell Banker Sea Coast Advantage Blog

What is Earnest Money?

Posted by Coldwell Banker Sea Coast Advantage on January 26, 2014 in  buying a home  buying home deposit  earnest deposit  earnest money  earnest money check
When a home is under contract, it’s removed from the market. This is good for the buyer, because it gives them time to do their inspections and due diligence without the threat of another buyer snatching the home out from under them. However, it can hurt how well a home sells by preventing other buyers from seeing it; therefore, a frivolous buyer can be a waste of time and money for a seller. When you sign a contract to buy a home, you make a deposit on that home. This is called an “earnest money deposi... read more



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