Earnest money

Real Estate Vocabulary 📚: 𝗘𝗮𝗿𝗻𝗲𝘀𝘁 𝗠𝗼𝗻𝗲𝘆 is a deposit made during a real estate transaction that represents a buyer's good faith to buy a home. In our market, the deposit is customarily made with escrow (which is also usually the title company) The amount of earnest money is a negotiable item between the buyer and seller. However, In our market, earnest money is customarily an amount that is around 1% of the purchase price.#realestatevocab #firstimehomebuyer #oregonrealestate

What is earnest money in a real estate transaction? Learn everything you need to know as a home buyer about earnest money.

In most cases sellers will ask for a good faith deposit which is also called earnest money. This safeguards the interests of both the seller and the buyer. Earnest money shows the seller you’re serious about buying the home, which can be reassuring to them if they agree to take the house off of the market while awaiting the appraisal and inspection results. #joepratherrealtor #whosnextrealestate #realestateagent #RealEstateInvestor #realestatelife #realestatemarketing #realestateagents

Wednesday Wisdom

What is earnest money? 🤔 If you're thinking about buying a home this year, earnest money can help seal the deal on your offer. 📃 Are you ready to become a homeowner? Let's discuss your next steps! 📲 Brenda Ames, Broker, ABR, GRI, New Home Sales (832) 643-1458 brenda@bamesrealty.com Brenda Ames & Associates, LLC bamesrealty.com/

Today's "Word of the Week Wednesday" definition is: earnest money Every Wednesday we highlight a different real estate related term in an effort to shed light on some of the terminology you will come across during the process of buying or selling your home. You can use the #BrickNestRealtyWOW hashtag to see what we've posted so far or visit our web site for the complete list: http://bnrny.com/wow We will continue to work to keep this resource updated and relevant. If there are any terms you