Most buyers know that they need to spend money to buy a home, but few know that they need it so soon. The earnest money deposit is the initial deposit that a buyer makes toward purchasing a home, usually within a day or two of submitting an offer. Keep reading to learn what this deposit is, how it works, and what you can do to keep your money safe.

https://www.forbes.com/sites/taramastroeni/2020/03/16/what-is-an-earnest-money-deposit-in-a-real-estate-transaction/#76a2c96a67be/