what is emd in real estate

Best answer


Earnest Money Deposit

People also ask


  • Why do sellers ask for EMD in real estate?

  • EMD in Real Estate: Why do Sellers Ask for It, Who Keeps It? An earnest money deposit (EMD) in real estate is money that you put down with a contract. It is good a good faith deposit that shows the seller you are serious about closing the transaction. This is an important gesture from the buyer that will make the home sale process smoother.

  • Is EMD in real estate refundable?

  • EMD in Real Estate Refundable Earnest money is refundable under certain conditions. You cannot just walk away from a signed contract without penalties, but there are contingencies that protect you from a bad investment.

  • What is an earnest money deposit (EMD) in real estate?

  • An earnest money deposit (EMD) in real estate is money that you put down with a contract. It is good a good faith deposit that shows the seller you are serious about closing the transaction. This is an important gesture from the buyer that will make the home sale process smoother.

  • Who is the EMD held by in a contract?

  • The EMD is held by the escrow agent, named in the contract. The real estate broker or the settlement agent can act as your escrow agent.

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