What is Earnest Money Deposit? #realestate #househunting #housingmarket

𝗔𝗿𝗲 𝘆𝗼𝘂 𝗶𝗻 𝘁𝗵𝗲 𝗺𝗮𝗿𝗸𝗲𝘁 𝗳𝗼𝗿 𝗮 𝗻𝗲𝘄 𝗵𝗼𝗺𝗲? 🏠

Make sure to have an understanding of the 𝗲𝗮𝗿𝗻𝗲𝘀𝘁 𝗺𝗼𝗻𝗲𝘆 𝗱𝗲𝗽𝗼𝘀𝗶𝘁. This deposit serves as a sign of your serious intentions to the seller and can range from 1-3% of the purchase contract. Not only does it demonstrate your commitment, but it can also contribute to your down payment or closing costs.

Don't miss out on this important step in the home buying process!

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