Purchase Process

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January 1, 1 7 min read Definitions
Good Faith Money
Good Faith Money Earnest Money Real Estate Transactions Deposit Property Purchase Commitment Deposit Buyer Assurance Purchase Process
Good faith money, also known as earnest money, is a deposit made by a buyer to demonstrate serious interest and intent in purchasing a property. This deposit helps assure the seller of the buyer's commitment while the transaction details are finalized.
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