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Earnest Money Deposits Gerald Mason
When an offer is made on a house, it usually accompanied with a check.
This check is what is known as an earnest money deposit, made to let the seller know that the buyer is earnest in his or her attempt to purchase the home.
This article will show you how you can use this to your advantage.
An earnest money deposit distinguishes serious buyers from those who aren't so sure about the purchase.
The deposit amount is different from one purchase to the next. Many factors can sway the amount of the deposit. In seller's markets, earnest money deposits are often larger than in buyer's markets...
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