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Having said that, it is usually regarding the step one% in order to 2% of one’s residence’s price (i.age., up to $8,100 to possess a $eight hundred,one hundred thousand family). A serious money put, or EMD, is actually a fees that’s kept from the an escrow agent within the real estate procedure. Generally, it is a great-faith put the buyer is beneficial tell you owner he could be committed to the property.
