Earnest Money Explained: Why It Matters for Buyers and Sellers
Manage episode 454819113 series 3574511
In today’s episode, Rachel Sheller, owner of Octavian Group Realty, breaks down the concept of earnest money deposits and why they’re such an important part of any real estate transaction. What exactly is an earnest money deposit, and how does it protect both buyers and sellers? Rachel explains how this deposit shows a buyer’s commitment to the deal and ensures both parties are covered if things fall through. Whether you're buying or selling, understanding earnest money is key to a smooth transaction.
Thinking about buying or selling? Contact Rachel today for expert guidance through the entire real estate process!
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