What is Earnest Money Deposit?
Channel: Angela O'Hare - Favorite Las Vegas Realtor
Date: 2019-04-08

What is Earnest Money Deposit – When Buying a Home?

The earnest money deposit is an important part of the home buying process. It is different from a down payment and often a lot less. It’s basically a good-faith gesture and says to the seller that you are serious about purchasing the home. 

Sellers rarely accept offers without earnest money deposits. Assuming that all goes well and your offer is accepted by the seller, these funds will go toward the down payment and sometimes your closing costs. 

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Angela O'Hare is a full time Realtor in Las Vegas, Nevada; who specializes in Summerlin, Sun City Summerlin and the surrounding communities in the West/NW side of town.

Email: theohareteamlv@gmail.com
Direct: 702-370-5112
Website: www.summerlincommunities.com
Company: Home Realty Center
License #180246

Angela also specializes in helping Veterans and Active Duty Military find their dream home. She is certified as a Military Relocations Specialist, certified in the Military & Veterans Housing and members of the Veterans Association of Real Estate Professionals.

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