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  Earnest Money Deposit Definition
Earnest Money Deposit Money given to a seller by a buyer to show the seller that an offer to purchase real estate or other real property is a serious, binding offer. If the seller accepts your offer, this deposit will not be returned to you unless one of the contingencies of the offer has not been met. When you are buying a home and you are ready to make an offer, you’ll need to give the seller an earnest money deposit.

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