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What, when and how much is Earnest Money?
Earnest Money!  What is it? How much is it? Is it the same as downpayment? Do I get it back? When do I have to pay it? Will my check be cashed? Can I lose it? Aw the questions are endless. 
It's one of those issues when buying a home that can generally cause a lot of confusion and misunderstanding, so I'm going to try and explain what it is, when it needs to be paid and how much it is. However I strongly suggest that you consult with your own Texas REALTOR so that your particular home buying needs can be address.
Earnest Money. What does that mean?To be earnest is generally understood as an intense and serious state of mind. Or when treated as a noun, it's defined as follows. 
So when used in a real estate transaction Earnest Money represents a sincere deposit made by the home buyer to the home seller in order to move forward with and bind a purchase contract.
I can hear you now: What? You mean in order for me, the home buyer, to be able to buy a house, I have to pay the home seller some money up front just to make an offer? 
Well sort of.
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