08/11/2026
Most first-time buyers hear the term "earnest money" and immediately think it's just another fee.
It's not.
Earnest money is simply a good faith deposit that lets the seller know you're serious about purchasing their home. In most cases, that money isn't lost, it goes toward your down payment or closing costs at closing.
Understanding the home buying process doesn't have to be overwhelming. That's why we're breaking down the real estate terms you'll actually hear so you can feel more confident every step of the way.
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