What is earnest money?

Earnest money is a buyer's deposit to move forward on a home purchase. It is usually held by a third party and its terms are agreed to in the purchase contract. Like many things in the home purchase, some parts can be negotiated. #thehelpfulagent #home #houseexpert #house #listreports #homeowner #househunting #finances #mortgage #realestate #realtor #realestateagent