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money. Real estate glossary. Definition of Earnest money in the Financial Dictionary - by Free online English dictionary and encyclopedia. What is Earnest money? Until you have an offer in writing with a deposited earnest money check, you don't have an offer. Once you do have the written offer, you'll typically have. This will answer the real estate question regarding how much earnest money is required when buying a home, provided by Judy Orr of Cook and Dolls Guys County Real Estate. First time home buyers ask what earnest money is. Money that accompanies the purchase agreement
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