Published March 31, 2025
This post features a short video explaining what an earnest money deposit is and how it works in a home purchase.
In short: earnest money is a good-faith deposit a buyer puts down when an offer is accepted. It's held in escrow and typically credited toward the down payment or closing costs at closing. Have questions about how earnest money works in Western North Carolina? Reach out to a Cool Mountain Realty agent.