http://www.minnesotafirsthome.com/general-information/what-is-earnest-money/ Everything you need to know, when buying your first home Mon, 06 Feb 2012 11:55:18 +0000 hourly 1 http://wordpress.org/?v=3.3 http://www.minnesotafirsthome.com/general-information/what-is-earnest-money/comment-page-1/#comment-281 Nashvile Real Estate Sat, 11 Dec 2010 01:02:07 +0000 http://www.minnesotafirsthome.com/?p=47#comment-281 It is very important that a first time home buyer understand this concept and how there are contingencies in place to protect them. I have seen many buyers ask agents if their deposit is refundable, and heard them be told yes if them contingecies are not met. This while true needs to be thoroughly explained that ONLY if they are not met may the deposit be refunded which is typically only if they cannot qualify. It is very important that a first time home buyer understand this concept and how there are contingencies in place to protect them. I have seen many buyers ask agents if their deposit is refundable, and heard them be told yes if them contingecies are not met. This while true needs to be thoroughly explained that ONLY if they are not met may the deposit be refunded which is typically only if they cannot qualify.

]]> http://www.minnesotafirsthome.com/general-information/what-is-earnest-money/comment-page-1/#comment-7 South of The River News Wed, 10 Dec 2008 15:37:01 +0000 http://www.minnesotafirsthome.com/?p=47#comment-7 Great info! I once had a client describe it at as a 'lay-a-way' type program like the ones you see in department stores. I laughed so hard, because it is somewhat true! You put a bit down in the beginning to secure the item and can take possesion when you pay the rest, usually with the mortgage at closing! Great info! I once had a client describe it at as a ‘lay-a-way’ type program like the ones you see in department stores. I laughed so hard, because it is somewhat true! You put a bit down in the beginning to secure the item and can take possesion when you pay the rest, usually with the mortgage at closing!

]]> http://www.minnesotafirsthome.com/general-information/what-is-earnest-money/comment-page-1/#comment-3 Minneapolis Real Estate Tue, 02 Dec 2008 03:09:39 +0000 http://www.minnesotafirsthome.com/?p=47#comment-3 It can often times be confusing for first time buyers when discussing what earnest money really is. Thanks for this great post Steve! It can often times be confusing for first time buyers when discussing what earnest money really is. Thanks for this great post Steve!

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