09/10/2026
Earnest money plays a vital role in real estate transactions. Hereβs a quick summary:
- Earnest money shows commitment to the purchase.
- It typically ranges from 1% to 3% of the home price.
- The deposit can be applied to the purchase price or forfeited if the deal falls through.
- Negotiation on the amount is possible.
If you're looking to buy or sell a home, understanding these details can empower your decisions. Reach out for personalized guidance! π‘πΌ