https://youtube.com/shorts/rucOF-fzmrs?si=zbBDZg27DLUkBcZS
What is earnest money in real estate? Earnest money is basically a buyer showing they're serious about buying a house. Think of it like a good faith deposit. If a buyer backs out without good reason, they could risk losing that money. Usually the earnest money is held safely by one of the real estate companies involved until closing. Then at closing that money usually goes towards either the buyer's closing costs or their down payment. It is not an extra fee. So that is earnest money. Simple, but important.
How does a Seller Credit affect my offer?
