There seems to be some confusion around Earnest Money Deposits. Also called EMD or Good Faith Money.
Some questions I've received include...
What is good faith money?
Where does good faith money go?
What does good faith money mean?
Do you get good faith money back?
So I thought I'd answer these questions in a video...
If you have any other questions about Earnest Money, give me a call at 202.271.5301.
Hello Dana - like so many industries, real estate has its own language and lingo. It can be confusing, even overwhelming, to those who don't participate in it everyday or often. Imagine what a first time buyer must think? Afraid to ask questions - of course.
So very true. And if they read a real estate book, they aren't learning the local norms. Best to ask questions and get answers.
Author Bio: Dana Hollish Hill is an experienced real estate professional licensed in Maryland, Washington DC and Northern Virginia. She serves as REALTOR®, Broker & Coach at JPAR Stellar Living
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