What is an Earnest Money Deposit When You Buy a Home for Sale in Ellicott City (or Elsewhere in Maryland)?

2022-05-23T18:43:06-04:00May 6th, 2020|Categories: Buyers, Mortgages, Tips, Life Hacks & How-to|Tags: , , , , , , , , |

[et_pb_section fb_built="1" _builder_version="3.22"][et_pb_row _builder_version="3.25" background_size="initial" background_position="top_left" background_repeat="repeat"][et_pb_column type="4_4" _builder_version="3.25" custom_padding="|||" custom_padding__hover="|||"][et_pb_text _builder_version="4.4.5" background_size="initial" background_position="top_left" background_repeat="repeat" hover_enabled="0" custom_css_before="h1, h2, h3, h4, h5, h6 {|| font-family: 'poppins',Helvetica,Arial,Lucida,sans-serif;||}||"]When you buy a home for sale in Ellicott City, you’ll most likely put down an earnest money deposit. But what is this deposit, what happens to the money, and will you get it back? Here’s what you need to know.