The Real Estate 101 series is a short focus video segment focusing on purchase contracts and customary practices in the Johnson County Kansas real estate market.
In this edition, we focus on the Earnest Money Deposit (EMD), its function and purpose. Earnest money is very similar to the concept of a down payment on an item. It is what provides peace of mind and a sense of security to the seller that you are serious about completing the purchase of the home.
If you are a first time home buyer and considering purchasing your first home, earnest money is one of many topics you will want to understand. Contact Dwight Goodwin today (913-912-3470) for additional home buyer resources!
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