Earnest money indicates that the purchase offer was made in good faith.

Name: Earnest money indicates that the purchase offer was made in good faith.
Brand: Quizplus
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Earnest money is a deposit made by the buyer to show that they are serious about purchasing the property. It is usually required by the seller and indicates that the purchase offer was made in good faith. If the sale goes through, the earnest money deposit is typically applied towards the purchase price.

Earnest Money Indicates That the Purchase Offer Was Made in Good