Episode 47 — Earnest Money: What It Is, What Happens to It, and How Not to Lose It

You found the house. You're ready to make an offer. And then somebody tells you that you need to hand over a check — before the inspection, before the appraisal, before you even know if you're getting the loan — just to prove you're serious. That's earnest money. Most buyers have no idea how much to put down, what it actually buys them, or the very specific situations where you can walk away and get it back versus the ones where it's just gone. Michael breaks all of it down so you're not standing at the closing table wondering where your money went.🎙️ New episodes every Monday & Friday. 📲 Follow us on Instagram for more mortgage myths and home buying tips. 📞 Call or Text: 615-499-6335 📧 [email protected] 🌐 MichaelDendy.com