"There are so many parts to a purchase agreement and so many that
sound so familiar it is really easy as a home buyer to get confused.Â
Earnest money is on the top of the list for misunderstood terms so I
thought I would go over it for you.Â Earnest money plays the same role
in a transaction no matter if you are buying a regular residential home, short sale or foreclosure.
The role that the earnest money plays in a transaction is something
of value given with the offer to show intent or your interest to buy the
home.Â The larger the earnest money the more serious you look to many
sellers.Â This is especially true when writing an offer on a foreclosure. What most buyers donâ€™t realize is...."