The Wise Home Owner
Welcome to The Wise Home Owner! I am Brandon Kahla and my mission is to simplify home ownership and a little bit what's going on in the world of real estate. what all goes into home ownership. In this show, I will share the stories of clients that I work with, struggles and triumphs of my own experiences of home ownership, what it takes to buy a home in today's market, and all the things to expect (mostly the unexpected) throughout the journey. Come along with me as I dive deep into topics that might seem completely foreign to you, and by the end of each episode you hopefully feel like it's something you can more easily understand. You don't know what you don't know, and it's time to start figuring out what you don't know. Let's get everything down to a 3rd grade level. It’s time to get started!
The Wise Home Owner
27: First Option Money, Now I Have to Pay Earnest Money?
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In this episode I will be diving in deep on the term earnest money. This is probably a term you are not using in your regular day to day interactions, so I’m going to break it down quite a bit.
Questions that will be answered:
1. What is earnest money?
2. Why does a buyer need to provide earnest money at all?
3. Why is this a part of the process?
4. Is the money lost or gone forever?
5. Is there any chance of losing the earnest money?
6. Are there scenarios where a buyer could get the earnest money returned after the option period ends?
All of these questions answered in less than 15 minutes!
For more information about any and all real estate questions please reach out at brandonkahlarealestate@gmail.com or check out more of my content on Instagram @brandonkahlarealestate or YouTube at Real Estate, Simplified!