An amount of money that a buyer presents with an offer to purchase a property to show their good faith.
Also known as the “EMD” or “Earnest Money Deposit.”
- Part 2: Purchasing an Auction Sale without 100% CashAlthough the deposit is required to be an on-hand asset (i.e. cash), it is often possible for the remainder of the purchase price to be funded from other asset types. Options may vary from various lines of credit to loans. Purchasers can explore a variety of financing options, including lines of credit and loans.
- Understanding On-Site AuctionsWhether you are a buyer, seller, or agent, you will want to read this article to learn more about on-site auctions with Ashland Auction Group.
- Understanding Online AuctionsWhether you are a buyer, seller, or agent, you will want to read this article to learn more about online auctions with Ashland Auction Group.
- Understanding DepositsGetting ready for your first auction? Our auction platform is designed to create a marketplace for ready, willing, and able buyers to meet motivated sellers, and deposits are an important part of that.
- No Contingencies or ConcessionsHave you ever wondered what was meant by the phrase, "no contingencies or seller concessions?" If so, you aren't alone. Learn more about how an absence of contingencies and concessions creates a level playing field for all buyers.