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Home ยป FAQs ยป Earnest Money

Earnest Money

November 28, 2022 by Libby Guthrie

A

Earnest Money

Posted by Libby Guthrie

Earnest Money

What is Earnest Money? ๐Ÿค”

A deposit made to a seller that represents a buyer’s good faith to buy a home. It’s typically around 1% – 5% of the sale price.

Earnest money is a deposit from the buyer to the seller, made in good faith to show dedication to purchasing the property ๐Ÿก

IMPORTANT FACTS ๐Ÿ‘‡

๐Ÿ’ฐ The amount varies by market
๐Ÿ’ฐ Goes towards the purchase of your home
๐Ÿ’ฐ Protects the seller if a buyer backs out
๐Ÿ’ฐ A buyer may get this money back โ€“ due to failed inspections or contingencies

๐Ÿ’ก TIP: In a sellerโ€™s market, you may consider making your earnest money non-refundable.

Our best advice? When it comes to buying in a low inventory, competitive market, itโ€™s essential to partner with a Buyerโ€™s Agent who understands how to make your offer stand out to sellers ๐ŸฅŠ

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Libby Guthrie
Keller Williams Realty
Knoxville, TN
Office: 865-966-5005 โ˜Ž
Cell: 865-364-0200 ๐Ÿ“ฑ
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Here is ๐—ž๐—ฒ๐—ป ๐—š๐˜‚๐˜๐—ต๐—ฟ๐—ถ๐—ฒ Here is ๐—ž๐—ฒ๐—ป ๐—š๐˜‚๐˜๐—ต๐—ฟ๐—ถ๐—ฒ on Hill 55, I Corps, May, 1966.  Alpha Company, 1/9. โฃ
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Ken is inspecting the giant ding where his helmet was hit.โฃ
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"๐˜ ๐˜ธ๐˜ข๐˜ด ๐˜ญ๐˜ถ๐˜ค๐˜ฌ๐˜บ ๐˜ฆ๐˜ฏ๐˜ฐ๐˜ถ๐˜จ๐˜ฉ ๐˜ต๐˜ฐ ๐˜จ๐˜ฆ๐˜ต ๐˜ฉ๐˜ฐ๐˜ฎ๐˜ฆ ๐˜ข๐˜ญ๐˜ช๐˜ท๐˜ฆ.  ๐˜›๐˜ฉ๐˜ฆ ๐˜ฐ๐˜ฏ๐˜ญ๐˜บ ๐˜ธ๐˜ฆ๐˜ญ๐˜ค๐˜ฐ๐˜ฎ๐˜ฆ ๐˜ฉ๐˜ฐ๐˜ฎ๐˜ฆ ๐˜ ๐˜จ๐˜ฐ๐˜ต ๐˜ธ๐˜ข๐˜ด ๐˜ง๐˜ณ๐˜ฐ๐˜ฎ ๐˜ฎ๐˜บ ๐˜ง๐˜ข๐˜ฎ๐˜ช๐˜ญ๐˜บ."โฃ
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There's going to be a big welcome home for Vietnam veterans May 11th - 13th on the National Mall in Washington D.C. โฃ
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Maybe some of you can make that. ๐Ÿ”—in bio โฃ
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~๐˜“๐˜ช๐˜ฃ๐˜ฃ๐˜บ ๐˜Ž๐˜ถ๐˜ต๐˜ฉ๐˜ณ๐˜ช๐˜ฆ ๐˜ฐ๐˜ฏ ๐˜ฃ๐˜ฆ๐˜ฉ๐˜ข๐˜ญ๐˜ง ๐˜ฐ๐˜ง ๐˜’๐˜ฆ๐˜ฏ ๐˜Ž๐˜ถ๐˜ต๐˜ฉ๐˜ณ๐˜ช๐˜ฆโฃ
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๐—›๐—ข๐— ๐—˜๐—ฆ ๐—™๐—ข๐—ฅ ๐—›๐—˜๐—ฅ๐—ข ๐—›๐—ข๐— ๐—˜๐—ฆ ๐—™๐—ข๐—ฅ ๐—›๐—˜๐—ฅ๐—ข๐—˜๐—ฆโฃ
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Knoxville, Tennessee โ€“ Libby Guthrie, aโฃ
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Group Homes, Real Estate, is contributing to the overallโฃ
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