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27: First Option Money, Now I Have to Pay Earnest Money?
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In this episode I will be diving in deep on the term earnest money. This is probably a term you are not using in your regular day to day interactions, so I’m going to break it down quite a bit.
Questions that will be answered:
1. What is earnest money?
2. Why does a buyer need to provide earnest money at all?
3. Why is this a part of the process?
4. Is the money lost or gone forever?
5. Is there any chance of losing the earnest money?
6. Are there scenarios where a buyer could get the earnest money returned after the option period ends?
All of these questions answered in less than 15 minutes!
For more information about any and all real estate questions please reach out at brandonkahlarealestate@gmail.com or check out more of my content on Instagram @brandonkahlarealestate or YouTube at Real Estate, Simplified!
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