Earnest money is a good faith deposit you put down when making an offer on a home. Think of it like a promise — you’re saying, ‘I’m committed, and I’m ready to move forward.’

Once we write your offer, you’ll include what is often referred to as an EMD (earnest money deposit). It’s typically 1% of the purchase price and shows the seller that you’re serious about buying.

Summary for Buyers:

• Shows good faith to the seller

• Held in escrow, not given directly to the seller

• Applied to your closing costs or down payment

• Refundable if you back out for reasons allowed in the contract

• Non-refundable if you walk away without cause

It’s all about trust — showing you’re committed while protecting your investment.

That money doesn’t disappear! It’s held safely in escrow and then applied toward your down payment or closing costs once you close.

If the deal falls through for a reason covered in your contract (like inspection or financing), you can usually get it back. But if you walk away without cause, the seller may keep it.

It’s one of the first ways we show good faith in the home-buying process — and I’ll help make sure your earnest money is protected.

📞 Call me today at 810-730-4767

🌐 Visit MichelleMovesMichigan.com

Let’s make your move the right move.