What is an Earnest Money Deposit (EMD)?
What is an EMD? An EMD, or- Earnest Money Deposit, is an amount of money that buyers put forward into an escrow account when submitting an offer on a home. The purpose of the EMD is for the buyers to show the seller that they are in good faith, or “earnest,” about purchasing the house! 🏡 Want more
How Do Real Estate Agents Get Paid?
How do realtors get paid?💰 In Virginia, home sellers pay real estate commission fees from the proceeds of their house for both agents involved in a deal. Offering to pay for the buyer’s agent’s commission is an incentive for agents to show your listing to their clients. These two agents typically s
The Top Reasons for Selling Your House in Northern Virginia
Many of today’s homeowners bought or refinanced their homes during the pandemic when mortgage rates were at history-making lows. Since rates doubled in 2022, some of those homeowners put their plans to move on hold, not wanting to lose the low mortgage rate they have on their current house. And whil
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