“Earnest Money” is one of those terms that comes up during the purchase and sale of a home. In a nutshell, it is a deposit. Watch this video to learn what that deposit represents.
Pro tip: It can be used to make an offer more attractive. Reach out to learn how!
P.S. A related concept that is also referred to in this video is “Escrow”. Please click here to learn more about it. In case of questions, please do not hesitate to reach out.