What is an Earnest Money Deposit for Real Estate?

An Earnest Money Deposit is an initial payment, typically around 1% of a property’s purchase price, required by sellers to demonstrate a buyer’s serious intent. This is commonly referred to as a “good faith deposit.” It’s important to note that an Earnest Money Deposit or EMD is not the same as a downpayment and is usually entirely refundable.

Requirements for EMD Financing

Intended specifically for investment property acquisitions

EMD amounts of a minimum of $2,500

Minimum duration of EMD: 9 day inspection period

The Challenge for Real Estate Investors:

Investors, especially wholesalers, often face difficulties in placing an EMD for a short period of time until they find their end buyer. In a competitive real estate market where, short-term financing is scarce, this can lead to missed opportunities.

How it works?

Access to funds in just 48 hours!

In today’s highly competitive real estate market, swift access to funds is crucial for securing properties. This is where FindYourEMD.com excels, offering unparalleled speed as its key feature.

No due diligence period, credit checks, or extensive paperwork required.

Complete a straightforward application in just two minutes, speak with our transaction coordinator to sign the proper paperwork, receive funding within 24 hours of paperwork completion.