Earnest Money in Real Estate
- Bridge AOR
- Aug 6
- 1 min read
Earnest money is a deposit made by the home buyer to the seller, showing a commitment to purchase the property. This deposit is not made until the seller accepts the buyer’s offer on the property.
The earnest money is often held in a third-party escrow account until the transaction closes. Although commonly used in real estate, earnest money is optional. But some sellers may not even entertain an offer on the home if the buyer doesn’t include earnest money, NAR says.
For full blog post, visit https://www.nar.realtor/magazine/real-estate-news/sales-marketing/earnest-money-in-real-estate-refunds-returns-and-regulations
Great breakdown of how earnest money works in real estate — I didn’t realize how important that escrow step can be in protecting both sides of the deal. I like learning about these kinds of processes in my free time, almost like when I explore casual games such as Nulls Brawl at https://getnullsbrawl.org/. Both show how having clear rules in place makes the whole experience smoother and more enjoyable.