earnest money: Earnest Money - what, why, how much? - 06/25/06 12:14 PM
Earnest Money – whenever we’re writing up an offer for a buyer, invariably the one thing that generates the most questions is earnest money. What is it, why do I need it, how much, will I lose it – these questions almost always require a lot of discussion and education. What is earnest money and why do I need it? The “book definition” of earnest money is: “A deposit paid by a buyer to a seller to demonstrate intention to complete the purchase.”
That pretty much sums it up. In Arizona real estate, earnest money is some amount of money, deposited … (13 comments)

 
Jay Thompson (Zillow)

Jay Thompson

Seattle, WA

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