Cummings & Co. Realtors
Jennifer Mendenhall, Cummings & Co. RealtorsPhone: (443) 756-4037
Email: [email protected]

Tag: Purchase Contract

Posted on 02/07/2021
What Is Earnest Money?
Photo by Mercigod via Shutterstock Earnest money is the amount of money put down for a large purchase. While this is not limited to real estate, it is used frequently in the real estate industry. It’s a sign of good faith from the buyer to the seller and normally constitutes about 1%-5% of the home’s price. How much...
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