Just a quick one. Earnest Money usually comes in the form of a personal check or money order made out to a title company. It’s money a property buyer uses to place a hold on a property that provides the seller some level of assurance of the buyer’s serious intent to follow through with the purchase. This allows the seller to focus on the transaction with that buyer rather than spend time, money, and energy pursuing other buyers.
Filed under: Decoding the Lingo | Tagged: Decode Earnest Money
