09/19/2023
🗣️ let’s Talk real estate!!
💰 Earnest money 💰
As a buyer, when your are putting together an offer, you will choose a dollar amount as “earnest money”
This amount usually ranges from 1-3% of purchase price.
You will also be prompted to let the seller know how many days that money will be due within (usually 1-3 days)
This money protects the seller if the buyer backs out.
This aspect of an offer can be used to your offer more competitive in a tough market by increasing amount and shortening the days it is deposited in.
I joined the industry during a completely insane time. Buyers wrote an average of 11 offers before getting an offer accepted on average!! 🤯
Entering the market during that time gave me such great experience in utilizing aspects of offers and contingencies that professionals haven’t in YEARS.
If your ready, or want to know what what you need to do in order to be ready to start writting offer and start your journey to becoming a homeowner, let’s get going! ✍🏼 🏡
