Bedrooms
Baths
Min Price
Max Price

DON'T MISS A NEW LISTING AGAIN!

Register Now
Already registered? Login

FREE AUTOMATED EMAIL UPDATES
Sign in to take advantage of all this site has to offer. Save your favorite listings and searches – also receive email updates when listings you like come on the market for free!
*Contact Information is NOT Shared*

Equity Real Estate
Berlin, NJ 08009

856-753-7777
Contact Us

Real Estate Defined: Earnest Money

At Equity Real Estate we know that real estate terms can sometimes be confusing. We are going to share with you some common real estate terms and their meanings to help give you a greater understanding when you are trying to buy or sell a home.

Earnest Money: a deposit made by a purchaser of real estate to evidence good faith.
Example: It is customary for the buyer to give the seller earnest money at the time a sales contract is signed. The earnest money is usually credited to the down payment at closing. Until closing the broker must hold the money in a separate account. See also commingle.

 

At Equity Real Estate we are here to help you navigate the home buying and selling process. Give us a call with any questions!

 

*Barron's Real Estate Guides; Dictionary of Real Estate Terms

Comments

There are no comments for this post. Be the first to comment!

Leave a comment

Comment
Already have an account?

Password Not Required


 
Berlin, NJ 08009  | 856-753-7777  | Contact Us
Copyright © 2017, All Rights Reserved

 

Real Estate Websites by iHOUSEweb iconiHOUSEweb | Admin Menu