What is Earnest Money in a Real Estate Transaction?

what is earnest money in a real estate transaction

If you’ve been through a real estate transaction or plan on buying a home, then you’ve probably heard of the term “earnest money deposit”. Another way of saying it would be “escrow” or “good-faith monies”. Whichever way you heard it; you know that it’s important. In this article, we’re going to go over exactly what […]