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KT Las Vegas Homes
  • Home
  • About
  • Home Search
  • Selling
    • Thinking about selling your home in Las Vegas?
  • Buying
    • Buyer Guide
      • Utilities
      • Residential Disclosure Guide
    • FAQs
      • Real Estate Terms Lookup
    • New Homes
    • Moving Checklist
    • Mortgage Calculator
  • Communities
    • Anthem
    • Centennial Hills
    • Central Las Vegas
    • Enterprise
    • Green Valley
    • Henderson
    • Las Vegas Country Club
    • North Las Vegas
    • Paradise
    • Skye Canyon
    • Spring Valley
    • Summerlin
    • Sunrise Manor
    • Whitney
  • Contact
  • Register / Sign in

Follow us

  • facebook
  • instagram
  • youtube
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Earnest money deposit (EMD)

A

Earnest money deposit (EMD)

The money given to the seller at the time the offer is made as a sign of the buyer’s good faith. It shows not only that the buyer is serious about buying, but that they are also willing to put their money where their mouth is. The earnest money deposit eventually goes toward the total down payment.

In Las Vegas, the EMD is held by the agreed upon escrow company from the Residential Purchase Agreement.

Category: Real Estate Terms
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