Envisioning Home

Thursday Thoughts: What is an EMD?

Many terms make up the total contract you offer for purchasing a home. One important piece--or term--of your offer is the EMD. The EMD (earnest money deposit) ultimately becomes part of your down payment, but gets deposited and held by the title company upon contract ratification.

The EMD: shows your seriousness, shows are committed to purchase, and shows you have financial stability to purchase the property.

#ThursdayThoughts #RealEstate #BuyingAHome #SellingAHome

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Coldwell Banker Realty

1617 14th Street NW

Washington, DC 20009

(202) 387-6180

© 2016 by SG LLC. All Rights Reserved.  Images of Sherri courtesy of Cade Martin and CapitolCommunicator.com.

Real estate agents affiliated with Coldwell Banker are independent contractor sales associates and are not employees of the company. Coldwell Banker Residential Brokerage fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Operated by a subsidiary of NRT LLC. Coldwell Banker, the Coldwell Banker logo, Coldwell Banker Previews International and the Previews logo are registered service marks owned by Coldwell Banker Real Estate LLC. Information deemed accurate but not guaranteed. All listing information from MIRS.com.