How to Buy a Home: Earnest Money

Real Estate Agent with LoKation Real Estate

In this episode of How to Buy a Home, I will explain important concepts related to Earnest Money. In most real estate transactions, earnest money will be required by the Seller from the Buyer as part of the real estate contract. I'm going to answer several questions related to earnest money that most people ask me when buying a home.

* What is earnest money?

* Where does it go during a transaction?

* When is it due?

* What is it used for at closing?

* What if I terminate? Will I get it back? How soon?

* What if I don't turn it in on time?

* What if there is an earnest money dispute?

I hope you find this episode helpful. If you can think of any other questions, let me know in the comments below!

Comments (2)

Richard Weeks
Dallas, TX
Great information, thanks for sharing.Ā  I hope you have a great day.
Sep 06, 2023 02:57 AM
Sean Gilliam

Thanks Richard!

Sep 06, 2023 05:49 AM
Charles Ross - eXp Realty LLC
eXp Realty LLC Salina Group - Salina, KS
Love To Help People

Excellent post.Thank you for sharing. Have a wonderful day and a blessed week

Sep 06, 2023 04:56 AM
Sean Gilliam

Thanks Charles!

Sep 06, 2023 05:49 AM