What is an Earnest Money Deposit?

By |2017-05-01T10:00:10+00:00May 1st, 2017|Blog, Buying|

If you’re buying your first home, whether it’s a ranch in Basalt or a condo in Snowmass, you’re probably unfamiliar with earnest money. So what is it, and why do you need it? What is Earnest Money? Earnest money, which is also sometimes called a “good faith” deposit, is money you put forward when you’re [...]