If you ask the Buyer or Seller in most real estate transactions to define an Earnest Money Deposit (EMD), they will likely describe it as a down payment put toward the purchase of a property. While an EMD may eventually be applied to the purchase price of a home, its true purpose is something entirely different. In short, an EMD shows the Seller that the Bu...
- calendar_month February 20, 2025
- category Real Estate, Tips
- post 2025, 2026, Buyer Consultation, Buyers, Earnest Money Deposit, EMD, Selling, Tips