What is earnest money? Earnest money refers to a deposit paid by the home buyer to show their serious intent to purchase the property. It is usually 1-5% of the sales price and goes toward the down payment if the deal closes. By Sarah Perrotti|2023-09-22T18:05:41+00:00September 22nd, 2023|Real Estate Terminology|0 Comments Share This Story, Choose Your Platform! FacebookTwitterRedditLinkedInWhatsAppTumblrPinterestVkXingEmail About the Author: Sarah Perrotti Leave A Comment Cancel replyComment Save my name, email, and website in this browser for the next time I comment.
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