Terms, Tips & Tricks for Real Estate- Episode 22: Due Diligence Money vs Earnest Money In an offer to purchase you are likely to see two different types of “deposits” made by potential buyers. If you are a seller, knowing the difference between Due Diligence Money and Earnest Money may help you determine which offer is the best for you and if you are a buyer knowing the difference could help you offer stand out among multiple offers.
Real Estate Terms, Tips and Tricks is a weekly video series where I take a term or concept from the world of real estate, unpack it and present it in a way that is easily understood. You can always find more info on my blog and web site over at http://www.chriswhitehurst.com. There you will find a host of information about the world of real estate along with a hyper local focus on Real Estate in the Albemarle Area. From Camden, Currituck, Pasquotank, Perquimans and Chowan county, I cover not only the local real estate market, but give you an insider view from a true local. Be sure to like and subscribe (and please share them with you friends who may also find value in them). I’m standing by when you ready to get moving! Chris Whitehurst Inner Banks Real Estate Group 252-312-2263