Buying a home soon? 🏠 One of the steps in the process is placing a "good faith" deposit which happens shortly after the seller accepts an offer. These funds (also called earnest money) will be deposited into an escrow account until the transaction is finalized. From there, the payment would then be transferred back to the buyer and go towards their down payment or closing costs. Want to learn more about the homebuying process? We have dozens of free resources waiting for you on our website! 🙌 https://bit.ly/4deO0DV
First Federal Lakewood’s Post
More Relevant Posts
-
Understanding the difference between an escrow account and an earnest money deposit is key in the homebuying process. Learn how both protect buyers and sellers. 🏡💡 Explore more: https://ow.ly/XXEO50TyLKa #RealEstateTips #HomeBuying101 #Escrow
-
-
Take a look at this... If you’re thinking about buying a home soon don't forget - your credit score is key and boosting it might be easier than you think. Start by reducing debt, staying on top of your payments, and fixing any errors on your credit report, like closed accounts that are reported as open. When you're ready, DM me so we can start the homebuying process.
-
-
💼🔑 With escrow, your funds are in a safe haven, ensuring all agreements are honored before the keys are handed over. It’s the peace of mind you deserve when buying a home. Ready to make your move? Let’s get started! 🏠 #EscrowExpertise
-
-
💼🔑 With escrow, your funds are in a safe haven, ensuring all agreements are honored before the keys are handed over. It’s the peace of mind you deserve when buying a home. Ready to make your move? Let’s get started! 🏠 #EscrowExpertise
-
-
💼🔑 With escrow, your funds are in a safe haven, ensuring all agreements are honored before the keys are handed over. It’s the peace of mind you deserve when buying a home. Ready to make your move? Let’s get started! 🏠 #EscrowExpertise
-
-
💼🔑 With escrow, your funds are in a safe haven, ensuring all agreements are honored before the keys are handed over. It’s the peace of mind you deserve when buying a home. Ready to make your move? Let’s get started! 🏠 #EscrowExpertise
-
-
💼🔑 With escrow, your funds are in a safe haven, ensuring all agreements are honored before the keys are handed over. It’s the peace of mind you deserve when buying a home. Ready to make your move? Let’s get started! 🏠 #EscrowExpertise
-
-
💼🔑 With escrow, your funds are in a safe haven, ensuring all agreements are honored before the keys are handed over. It’s the peace of mind you deserve when buying a home. Ready to make your move? Let’s get started! 🏠 #EscrowExpertise
-
-
💼🔑 With escrow, your funds are in a safe haven, ensuring all agreements are honored before the keys are handed over. It’s the peace of mind you deserve when buying a home. Ready to make your move? Let’s get started! 🏠 #EscrowExpertise
-
