Many home buyers know, at some point, they will need to have money to put down on the purchase of their home. Yet, they don’t seem to understand at what point of the sale this deposit will be asked. This might come as a surprise to many homebuyers, but when a an offer is placed on a home, it should be accompanied by a check. This check is referred to as the “earnest money” because the buyer is basically “serious in intention, purpose, or effort; sincerely zealous” about the purchase of a specific home (Dictionary.com, 2011).

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