What is Earnest Money and Why Do You Need It?
Redfin
MARCH 12, 2021
As you close in on making an offer on a home, your real estate agent – or the seller’s agent – will ask about “earnest money.” Earnest money is a type of security deposit, also known as a “good faith” deposit, offered to show the seller of a home that you’re serious about purchasing the property.
Let's personalize your content