What is earnest money? Where does earnest money go? How does earnest money work?

What is earnest money? Where does earnest money go? How does earnest money work? In this video we’ll share exactly what the good faith deposit in a San Diego real estate purchase is for, and how it pertains to you as the probate real estate executor or the trustee of the estate.
00:00 Intro
00:45 EMD definition and the process
02:00 Escrows role
02:27 How much?
03:04 What happens once it been received
03:30 cancelation of escrow
05:26 in conclusion...
06:40 Outro
Here at Horizon Real Estate we care about helping you, as the estate executor, administrator or trustee. We want you to feel comfortable throughout the probate process, and to help you get the most money quickly from your estate house or trust property.
Kim Ward DRE#01218310
Ashlie Rivera DRE#02042935
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Have a probate house or house in a trust and need guidance on how to prepare and sell? Think of this channel as your real estate resource.
If you’re an executor or administrator and want a free copy of my book "What To Do When You’re Responsible For Real Estate A Loved One Leaves Behind" Or, if you’re a trustee and want a free copy of "Exactly What To Expect As Trustee For Real Estate A Loved One Leaves Behind" simply call my office at 619-741-0111.@@
I’m a full time REALTOR in San Diego, California with Horizon Real Estate. I’m an expert at helping executors, administrators and trustees with probate houses and houses in a trust. A wife, mom to three grown sons and a daughter, plus She-she (that’s my grandma name) to the two cutest, smartest and busiest kids.
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I am NOT a lawyer or tax professional. The presentations reflect my own understanding of the underlying subjects. However, the presentation is based on my professional experience in the field of real estate. The information contained herein should NOT be used as a substitute for the advice of an appropriately qualified and licensed attorney, tax professional or contracted real estate agent/broker. The information provided here is for informational purposes only. You should consult with a professional to seek legal advice regarding your exact circumstances.
If you want to talk with me about San Diego real estate, fell comfortable calling me at 619-741-0111 @ or email me at KimWard@ProbateAndTrustHelp.com
California DRE license #01218310

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    Do you have additional questions about the EMD or an experience that was unique? We would love for you to share!