When Is an Earnest Money Check Supposed to Be Cashed?
In the real estate market, the earnest money check is one of the essential ways buyers prove they're serious to sellers. It's a substantial chunk of change that will be included with your offer to the seller to further prove that you are really serious about buying the seller's house. But once an offer is accepted, what happens with said earnest money? Does it sit in limbo as you wait for the sale to close, or will your check be cashed while the transaction proceeds?