💸 Earnest money or "good faith deposit" is a deposit buyers put down to show they’re serious about purchasing a home. It’s typically a small percentage of the purchase price and is held in escrow until closing. Here’s how it works for both sides: For Buyers, it signals commitment and helps secure the property while inspections, financing, and due diligence take place. If the contract is canceled for a valid contingency, the deposit is typically refunded. For Sellers, it offers reassurance that the buyer intends to follow through. If the buyer backs out without a valid reason, the seller may keep the deposit as compensation. 🌟 Earnest money protects both parties and keeps the transaction on track with confidence and clarity. Reach out if you’d like help navigating the process!
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By digitally signing this form you are providing with your express written consent to send you business and marketing communications via email and by calls or prerecorded messages dialed by a natural person or by an automatic or automated telephone dialing system. This express written consent applies to each such email address or telephone number that you provide to us now or in the future and permits such communication regardless of their purpose.
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If checked, you consent to receiving texts including marketing and promotional communications, from . Messages and data rates may apply. Message frequency varies. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms & Conditions and Privacy Policy
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