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Earnest Money

Posted by mlafortune on May 30, 2019
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Earnest money is a deposit made by the buyer into a trust or escrow account and delivered to the title company. The main purpose is to show the seller that the buyer has entered into the transaction in good faith. Oftentimes it allows the buyer additional time to secure financing. The average amount of money recommended is 1 to 2% of the sales price.

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