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  • Kerri and Ray

Earnest Money... what/when/why ?

Earnest money is a deposit made to a Seller that represents a Buyer's good faith to purchase a home. When you deposit earnest money, it is held in an escrow account ( usually with the Seller's title company ). When the real estate transaction successfully completes, the earnest money will go toward your down payment of the home. That's it in a nutshell !

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