Earnest Money Deposits in the Long Beach Island NJ Real Estate Market
Long Beach Island Real Estate
An LBI real estate earnest money deposit is simply a “good faith” deposit. Customarically, when a buyer makes an offer for a home on Long Beach Island, they will put down a small deposit, usually around $1,000, to show their offer is serious. This deposit is usually fully refundable if the offer is not accepted and is usually held by the real estate brokerage representing the buyer.
By : Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
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