“EARNEST MONEY”
Earnest money, also known as a good faith deposit, is a sum of money put down to demonstrate a buyer’s seriousness about buying a home. When purchasing a high demand property, a considerable good faith deposit can compel the seller to select one offer over another. Parties in a home sale can agree to apply earnest money to the buyer’s down payment or closing costs. The amount of earnest money to offer varies based on the market and house’s condition. Ultimately, the best way to determine a reasonable good faith deposit is to speak with an experienced real estate agent. He or she will assess the property and look at market factors before coming up with a figure.
Buying a new home can be intimidating for many people, with the hundreds of details that need attention. But we’ve got covered! We are specialists with the knowledge, training, insight, and local expertise to help buyers, sellers and investors realize their home ownership or investment dreams. o one knows the greater New York area like we do and our solid team of experienced brokers is committed to your satisfaction.  “OUR SUCCESS HAS BEEN BUILT ONE SATISIFIED CUSTOMER AT A TIME.”
