deposit protection: Laramie, Wyoming Real Estate: What is Earnest Money? - 02/16/11 08:42 AM
Earnest Money is an advance deposit a buyer submits with their offer to purchase a property.  It says " Pick me! I am earnest, I am acting in good faith to make a legitimate offer on your property."   While 1% of the purchase price is often the suggested amount of earnest money to include with an offer, a buyer can choose to go  higher  or lower depending on a number of things.  Just remember that an offer submitted with a higher amount may be given more consideration than one with a lower amount. 

Owners need earnest money because when … (8 comments)

 
Brenda Whitman, Live in Laramie Real Estate, Broker/Co-Owner, Laramie, Wyoming (Live in Laramie Real Estate, Laramie, Wyoming)

Brenda Whitman, Live in Laramie Real Estate

Broker/Co-Owner, Laramie, Wyoming

Laramie, WY

More about me…

Live in Laramie Real Estate, Laramie, Wyoming

Address: 302 S 2nd Street, Suite 206, Laramie, WY, 82070

Mobile: (307) 399-5477

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