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Earnest Money Deposits - Protect Your Good Faith Deposit

Earnest Money Deposits - Protect Your Good Faith Deposit What is an Earnest Money Deposit? Buyers always ask how much of an earnest money deposit is required. Typically, there is no set requirement. In California, contracts must contain consideration to be valid, but that amount can be as little as one dollar. Laws in your state may be different. Bear in mind, however, that the ...
Posted by Keller williams real estate E-mail User @ 10:31 PM on 03/23/2010
Tags: Real Estate, Buying a Home, Buying/Selling Tips, Contracts, Realtors, Escrow, Deposit Money, Good Faith Deposit