10/21/2026
REAL ESTATE IN PLAIN ENGLISH 🏠
Today’s term: EARNEST MONEY.
Earnest money is a deposit a buyer makes to show a serious intention to purchase a home under a signed agreement.
It is generally held by a third party until closing, when it is typically credited toward the buyer’s purchase costs. If the sale doesn’t close, who receives the deposit depends on the contract and the circumstances.
For sellers, a useful question is: “Who will hold the deposit, and what does our agreement say happens to it?”
One term at a time—because you deserve to understand the words before making a decision.
DM HOMEBUYERS is a local real estate investment company. We are not Realtors. We provide general education, not legal or financial advice.
More real-estate explanations we’ve shared:
https://www.facebook.com/share/p/1EDZ7USXbi/
https://www.facebook.com/share/p/1A2dEtRGus/
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🏠 MARKET TERMS IN PLAIN ENGLISH 🏠
Today’s term: MEDIAN SALE PRICE
The median is the middle—not the highest price and not the average price.
The Des Moines-area median sale price for August 2026 was $319,725.
That means:
Half of the homes sold for less.
Half of the homes sold for more.
It does not mean that every home is worth $319,725. Location, size, condition and needed repairs all affect an individual property.
Source: Des Moines Area Association of REALTORS® August 2026 housing statistics.
Thomas and Linda Mileham are not REALTORS®—we are local homebuyers. If selling directly to us is not your best option, we can refer you to a trusted REALTOR®.
DM HOMEBUYERS
Local. Trusted. Here for you.
515-953-3535
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