Most first-time homebuyers have no clue what earnest money is because nobody tells them about it. Earnest money is essentially a buyer’s collateral. It shows that the buyer is serious, has cash to put up to buy the home, and really wants the house. It’s essentially a deposit that will be credited back to you at closing, but it’s a great way to show a seller how much you want their home. To learn more about earnest money and how much you should be putting in, watch this short video.
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Ron Sawyer
The Ron Sawyer Team
RE/MAX Prime
501 Baylor Court suite 100
Chesapeake, VA 23320
757-447-2877
Ron@MoveWithPrime.com
www.hamptonroadshomefinder.com
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