The earnest money deposit in a real estate transaction can be thought of as a “security deposit.” It is a good faith gesture that the buyer is serious about the real estate transaction. The amount may vary but can be part of the negotiations between buyer and seller. The amount is usually credited towards the down payment at closing. Let us know what other type of questions you have and we’d be happy to assist you.
Taba Realty & Development, LLC is a full service Kauai real estate company that offers assistance with buying and selling Kauai real estate and also assisting owners with their Kauai property management needs. Please contact us at (808) 742-7110 should you have any questions in regards to our services. You will discover why Taba Realty is the premium choice for all of your Kauai real estate needs.