RR EP002 – The Earnest Money Deposit

RR EP002 – The Earnest Money Deposit


I’m Carolyn and this is the real real where you get real information about real estate real quick Hey today, we’re talking about the earnest money deposit or EMD what do we need it for? Why is it there? and what amount should it be a Let’s jump right in the earnest money deposit is a good faith deposit from a buyer to a seller in an offer What it does for you, is it can strengthen your offer by showing the seller you have stake in the game. You’re putting your money where your offer is It’s generally around 1 to 3 percent of the purchase price some sellers will accept as little as $1,000 maybe even $500 others require a higher EMD talk to your real estate agent about what your should be the higher Generally means the stronger your offer is thanks for tuning in Hey, thanks for tuning in if you want another episode of real information about real estate real quick tune in again If you have questions or comments about today’s content, or you’d like to suggest a future video. Please comment below. I’ll see you soon

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