3 Times Your Earnest Money Deposit Could Be At Risk
JULY 10, 2020
The earnest money deposit—the cash you as a buyer offer to essentially call dibs on real estate—is one of the most important (and often misunderstood) parts of the home-buying process. In the Sarasota area, home buyers will usually put down anywhere from 1 to 5 of the real estate purchase price as earnest money. (If If in a bidding war, buyers may even put down a larger earnest money deposit in an effort to stand out.).