Real Estate Reference Earnest Money
Friday 29 March
Buyer's Broker of New Mexico Home · Login · Site Map  

Real Estate Terms
Real Estate Terms Full List
Search Real Estate Terms
Real Estate Articles
Search Real Estate Articles
Login
     
 

Earnest Money

 
     
  The deposit money given to the seller or his agent by the potential buyer upon the signing of the agreement of sale to show that he is serious about buying the house. If the sale goes through, the earnest money is applied against the down payment. If the sale does not go through, the earnest money will be forfeited or lost unless the binder or offer to purchase expressly provides that it is refundable.  
 

 
  send suggestion  ·  print "Earnest Money" definition  
 
FSBO Website Design copyright ©2004 - 2024 David B. Zwiefelhofer. Copyright of articles held by their authors unless otherwise noted. All rights reserved.