What is earnest money and why is it important?
Earnest money is a deposit that indicates that you are serious about buying the home to the seller. It is generally put in escrow and charged back to the purchase price in the future. Framework Homeownership Making an Offer Answers states that a good earnest money can make your offer more attractive than others. It shows dedication and financial preparedness, making sellers more confident to accept your offer, and also safeguarding your will as a buyer.
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