Earnest Money vs Down Payment: Is Earnest Money Part of the Down Payment?

A Homebuyer’s Guide To Deposit, Earnest Money, And Down Payment - The NYC Broker

Earnest Money Explained: What It Is, Where It Goes & When You Get It Back 💰 If you're buying a home in Northeast Ohio, you've probably heard the term "earnest money deposit" and wondered what it actually means. Let me break it down for you. Earnest money is good faith money 🏡 You put it down when you make an offer to show the seller you're serious not just window shopping. Here in our area, it's usually between $500 and $2,000 depending on the price of the home. Here's what you need to know: ✅

Earnest Money Deposit: The (ULTIMATE) Guide For Real Estate

What is earnest money, and what is its role in a home purchase?

What Is Earnest Money?

Tuesday. What does “escrow” and “earnest money” really mean when buying a home? 🏡 When you make an offer on a home, you’ll usually submit an earnest money deposit. This is your “good faith” money that shows the seller you’re serious about buying. It’s not an extra fee — it goes toward your closing costs or down payment at closing. That money is held in escrow, which is a neutral third-party account (usually handled by a title company or attorney). Escrow protects both the buyer and the seller b

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