06/04/2026
๐ REAL ESTATE TIP OF THE DAY
What is earnest money?
Earnest money is money a buyer puts down after going under contract on a home to show they are committed to the purchase.
โ๏ธ Shows the seller youโre serious
โ๏ธ Held safely by the title company
โ๏ธ Usually applied toward closing costs/down payment
โ๏ธ Can be protected during the option period and contract contingencies
A lot of buyers think this money is an extra feeโฆ but it actually goes toward your purchase in most cases!
Thinking about buying a home this year and want to learn more about the process? Letโs connect! ๐ก