Earnest Money Deposit is completely refundable.
3 Jul 2024 · 0 min
0:15
In this brief explanatory segment, the speaker clarifies how a buyer can choose any amount for an Earnest Money Deposit (EMD) when purchasing real estate. The key point is that the deposit is only forfeited if the buyer backs out after the inspection period has ended. If the buyer withdraws any time during the inspection period—even on the last day—the full EMD amount is returned to the buyer.
