Earnest Money Deposit: The (ULTIMATE) Guide For Real Estate
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Earnest Money Deposit: The (ULTIMATE) Guide For Real Estate
What is an earnest money deposit? An earnest money deposit (EMD) or good faith deposit is the cash a buyer puts into escrow during a real estate transaction.
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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: ✅
3:06
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: ✅
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