Earnest money is money put down to demonstrate your seriousness about buying a home. It must be substantial enough to demonstrate good faith and is usually between 1-5% of the purchase price (though the amount can vary with local customs and conditions). If your offer is accepted, the earnest money becomes part of your down payment or closing costs. If the offer is rejected, your money is returned to you. If you back out of a deal, you may forfeit the entire amount.
Receive the most current information for properties meeting your criteria right in your inbox.
Listings Report – Subscribers receive daily alerts for new, sold, and current listing matching their criteria.
Open Homes Report – Subscribers receive weekly open home listings for properties matching their criteria.
Market Report – Subscribers receive monthly market stats and trends.
Sorry we are experiencing system issues. Please try again.