Earnest Money Deposit

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  • #33375
    charice80
    Member

    Hello All,

    It’s starting…. I found a home and my offer was accepted. Yay. However they are asking for $1k for an earnest money deposit. Will I get that back at closing?

    Thanks

    #33383
    cwilliams
    Member

    Hello,
    That will be a credit when it comes down to calculating how much money you have to bring to the table at closing.

    #33391
    charice80
    Member

    Thank you @cwilliams.

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