
What is an earnest money deposit?
An earnest money deposit shows the home seller that a buyer is serious.
Ellen Chang is a former contributor for Bankrate. She is a freelance journalist based in Houston and writes articles for TheStreet, U.S. News & World Report and Hart Energy. Chang focuses her articles on stocks, entrepreneurs, personal finance, energy and cybersecurity. Her byline has appeared in national business publications, including CBS News, Yahoo Finance and MSN Money.
An earnest money deposit shows the home seller that a buyer is serious.
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