Earnest money is money that is sent with an offer when purchasing a property. It is similar to a security deposit when renting an apartment but it will be applied to the amount of money the buyer is bring to the table when they close on the property. Some buyers offer more than the seller has asked for to show their seriousness or to make their offer more attractive than another offer. I have seen buyers send less than the requested amount. The seller can make the decision to accept the offered amount or ask for more in a counter offer.
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