Tag: Earnest Money

Posted on 06/05/2022
Real estate terms first-time homebuyers should know
For many first-time homebuyers, knowing common real estate terms can help prevent the feeling of information overload. Once you learn the language real estate agents use, you may feel much more comfortable in your quest to find your dream home. Here are some helpful real estate terms to know: Contingent You’re likely to encounter the term “contingent” when...
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Posted on 05/24/2020
Earnest Money: What Is It?
Photo by Mercigod via Shutterstock Earnest money is the amount of money put down for a large purchase. While this is not limited to real estate, it is used frequently in the real estate industry. It’s a sign of good faith from the buyer to the seller and normally constitutes about 1%-5% of the home’s price. How much...
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