What is Earnest Money?

What is earnest money and how much should you spend on it?

And how much should I spend on it? WHAT IS EARNEST MONEY? Let’s begin by talking about what earnest money actually is. According to the 10th edition of Washington Real Estate Practices, it is traditional for the buyer to give the seller earnest money as evidence of the buyer’s good faith intention to buy the… Continue reading What is Earnest Money?