If you’re in the market to buy a home, you’re probably familiar with earnest money deposits. In most cases, if the transaction falls through, the buyer gets their deposit back. But what happens if you get cold feet or don’t hold up your end of the bargain? The seller is entitled to keep it. This […]
When Can Sellers Keep Earnest Money?
If you’re selling a home, a farm or land in North Florida, the person who buys your property from you will most likely come up with an earnest money deposit. This earnest money deposit shows you that those buyers are serious; they’re willing to put some of their own money down to convince you to […]
Can You Lose Your Earnest Money Deposit?
When you’re buying land in Lake City or elsewhere in North Florida, you’ll usually have to put down an earnest money deposit to show the seller you’re a serious buyer – but there are a few cases in which you can lose your earnest money deposit. Here’s what you need to know. When Can You […]
What is an Earnest Money Deposit (And How Much Does it Cost)?
If you’re buying a home, you’ll most likely need to put down an earnest money deposit. But what is it… and how much is it? What is an Earnest Money Deposit? An earnest money deposit is a good faith deposit of money to show the seller that you’re willing to secure the purchase contract. […]
