How not to loose your earnest money in a real estate transaction is key to working through hard transactions. Time is of the essence and you have the responsibility as the purchaser to understand your monies value!
Once home buyers find a home they love, they declare their commitment to the seller with a sizable chunk of change known as an earnest-money deposit. Yes, it sounds so sincere and serious because it is—and if you get it wrong, you could lose thousands of dollars. To scare you straight, here are eight mistakes with earnest-money deposits that home buyers often make. To ensure you don't end up as one of them, read on to avoid these snafus.