Tip 4: Earnest Money- How to use Earnest Money as a negotiation tool

Understand the role of earnest money in your real estate transaction and how to use it strategically. Earnest money acts as a deposit towards your down payment and closing costs, showing the seller your commitment. If you fail to complete the financing, the seller keeps the earnest money. Learn how to make a significant impact with your earnest money while minimizing your risk.

Key Takeaways:

• Definition and purpose of earnest money in real estate transactions.
• Strategic use of earnest money to strengthen your offer.
• Balancing impact and risk when offering earnest money.

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