is a earnest money deposit?
you make an offer on a home it is customary to put down an
earnest money deposit to show the sellers that you are serious
about purchasing the home. The amount may very on a number of
factors, but it is common for buyers to offer between 1-2 percent of the purchase
competition of a successful escrow your earnest money deposit in
used to help cover cost associated with purchasing the home.
However, the earnest money deposit can also serves as compensation for a
seller. This usually only happens when you as a buyer does not
purchase the home for reasons outside the guidelines of the