Earnest Money means, Serious money is a deposit made for a seller who is the real buyer to buy the house. This money gives buyers more time to secure financing and inspect the property before final research. In many cases, serious money can be considered as a guarantee deposit, guarantee or real money.
- Serious money is basically the savings that buyers want to buy their home that they want to buy.
- When exchanging money with good credit, which sets out the terms of payment, a contract is made.
- A significant stock of silver mainly depends on the market interest, which can vary from 1% to 10% of the selling price.
Earnest Money means: This money is paid in good faith as a security deposit, usually owned, to show that the buyer is serious about negotiating with the seller.
Literal Meanings of Earnest Money
Meanings of Earnest:
The result or demonstration of a sincere and strong belief.
Something intended or seen as a sign or promise of something to come.
Sentences of Earnest
A serious student
The presence of troops is a promise of global desire not to repeat the conflict
Synonyms of Earnest
confidence, humourless, intense, solemn, steady, serious, certitude, sober, staid, sureness, grave, serious-minded, guarantee, certainty
Meanings of Money:
The current means of exchange simultaneously takes the form of coins and banknotes, coins and banknotes.
Synonyms of Money
cash, ready money, hard cash