Mastering Earnest Money Deposits as a First-Time Home Buyer

So you’re on the way to becoming a first-time home buyer. You’ve found the perfect new home and negotiated a good deal with the seller. You make an offer, you’re ready to sign a purchase agreement and start moving toward closing, but now the seller is asking for an earnest money deposit. So what’s this all about?

We’ll cover everything you need to know about earnest money when buying a house, how it works, and what to expect on the road to closing your first property.

What is an Earnest Mo...