Earnest Money ⋆ Guthrie Group Homes

Q: Earnest Money

[caption id="attachment_10875" align="alignnone" width="760"] Earnest Money[/caption] What is Earnest Money ? 🤔 A deposit made to a seller that represents a buyer's good faith to buy a home. It's typically around 1% - 5% of the sale price. Earnest money is a deposit from the buyer to the seller, made in good faith to show dedication to purchasing the property 🏡 IMPORTANT FACTS 👇 💰 The amount varies by market 💰 Goes towards the purchase of your home 💰 Protects the seller if a buyer backs out 💰 A buyer may get this money back – due to failed inspections or contingencies 💡 TIP: In a seller’s market, you may consider making your earnest money non-refundable. Our best advice? When it comes to buying in a low inventory, competitive market, it’s essential to partner with a Buyer’s Agent who understands how to make your offer stand out to sellers 🥊

Earnest Money

Posted by Libby Guthrie

What is Earnest Money? 🤔

A deposit made to a seller that represents a buyer’s good faith to buy a home. It’s typically around 1% – 5% of the sale price.

Earnest money is a deposit from the buyer to the seller, made in good faith to show dedication to purchasing the property 🏡

IMPORTANT FACTS 👇

💰 The amount varies by market
💰 Goes towards the purchase of your home
💰 Protects the seller if a buyer backs out
💰 A buyer may get this money back – due to failed inspections or contingencies

💡 TIP: In a seller’s market, you may consider making your earnest money non-refundable.

Our best advice? When it comes to buying in a low inventory, competitive market, it’s essential to partner with a Buyer’s Agent who understands how to make your offer stand out to sellers 🥊