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 th...

• calendar_month May 6, 2024
• category Legal Corner, RE News
• post 2024, Bruce Real Estate, Buyers, buying, Earnest Money Deposit, Legal, real estate, Tips