For Earnest Money we have terms and definitions in 11 topics. The topics are Construction, Finance, Financial, Home Equity, Home Purchasing, Housing, Mortgage, Purchasing A Home, Real Estate, Real Estate Appraisal and Refinance.

Earnest Money (Construction)

A sum paid to the seller to show that a potential purchaser is serious about buying.

Earnest Money (Finance)

Money given to a seller by a buyer to demonstrate the buyer's good faith. If the deal falls through, the deposit is usually forfeited.

Earnest Money (Financial)

Is a deposit made towards the purchase of real property. In some locales it is viewed synonymously with the Binder. Other places consider it as an additional deposit towards the purchase. Here, the amount can be quite large. Often it would accompany a signed sales contract prior to the closing or settlement. Is a deposit made towards the purchase of real property. In some locales it is viewed synonymously with the Binder. Other places consider it as an additional deposit towards the purchase. Here, the amount can be quite large. Often it would accompany a signed sales contract prior to the closing or settlement. Is a deposit made towards the purchase of real property. In some locales it is viewed synonymously with the Binder. Other places consider it as an additional deposit towards the purchase. Here, the amount can be quite large. Often it would accompany a signed sales contract prior to the closing or settlement. Is a deposit made towards the purchase of real property. In some locales it is viewed synonymously with the Binder. Other places consider it as an additional deposit towards the purchase. Here, the amount can be quite large. Often it would accompany a signed sales contract prior to the closing or settlement.

Earnest Money (Home Equity)

Money given by a buyer to a seller as part of the purchase price to bind a transaction or assure payment.

Earnest Money (Home Purchasing)

A good faith down payment made when the purchase agreement is signed by both parties.

Earnest Money (Housing)

Money put down by a potential buyer to show that he or she is serious about purchasing the home; it becomes part of the down payment if the offer is accepted, is returned if the offer is rejected, or is forfeited if the buyer pulls out of the deal.

Earnest Money (Mortgage)

Money given by a buyer to a seller as part of the purchase price to bind a transaction or assure payment.

Earnest Money (Purchasing A Home)

Money given by a buyer to a seller as part of the purchase price, in order to bind a transaction or to assure payment.

Earnest Money (Real Estate)

The earnest money is the deposit money given to the seller or his agent by the potential buyer upon the signing of the agreement of sale to show that he is serious about buying the house. If the sale goes through, the earnest money is applied against the down payment. If the sale does not go through, the earnest money deposit will be forfeited to the seller unless the purchase contract expressly provides conditions for its return to the buyer.

Earnest Money (Real Estate Appraisal)

The deposit money given to the seller or his agent by the potential buyer upon the signing of the agreement of sale to show that he is serious about buying the house. If the sale goes through, the earnest money is applied against the down payment. If the sale does not go through, the earnest money will be forfeited or lost unless the binder or offer to purchase expressly provides that it is refundable.

Earnest Money (Refinance)

Money given by a buyer to a seller as part of the purchase price to bind a transaction or assure payment.

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