ASK MIKE MONDAYS - Michael, how do you get comfortable with putting HARD EARNEST MONEY into the transaction on day one?
ASK MIKE MONDAYS - Michael, how do you get comfortable with putting HARD EARNEST MONEY into the transaction on day one?
Your seller may require you to prove that you are a serious buyer by demanding a large amount of initial earnest money up front. This money could be at risk, IF you do not perform. The seller wants to assured that you won’t re-trade them during the sales process. Michael explains some of the paths he uses to mitigate that possible risk.
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