Accepting Earnest Money - Search Videos

You’ve found “the one” and it’s time to make an offer. Now comes the Earnest Money Deposit (EMD). For many buyers, this is the most nerve-wracking part of the process—but here is why you shouldn’t sweat it. 📉 Earnest Money 101: • What it is: Your “Good Faith” deposit. It shows the seller you’re serious. • The Cost: Typically 1% to 3% of the purchase price. • The Destination: It isn’t an extra fee! It’s an advance payment that gets credited toward your down payment or closing costs at the finish

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FacebookHeather Prince, Realtor with Howard Hanna

Earnest Money Explained: What It Is, Where It Goes & When You Get It Back 💰 If you're buying a home in Northeast Ohio, you've probably heard the term "earnest money deposit" and wondered what it actually means. Let me break it down for you. Earnest money is good faith money 🏡 You put it down when you make an offer to show the seller you're serious not just window shopping. Here in our area, it's usually between $500 and $2,000 depending on the price of the home. Here's what you need to know: ✅

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