Earnest money is money put down to demonstrate your seriousness about buying a home. It must be substantial enough to demonstrate good faith and is usually between 1-5% of the purchase price (though the amount can vary with local customs and conditions). If your offer is accepted, the earnest money becomes part of your down payment or closing costs. If the offer is rejected, your money is returned to you. If you back out of a deal, you may forfeit the entire amount.
"KINGDOM PROPERTIES is a leading real estate company based in Dubai. A member of MAG Group with more than 40 years of experience in the Market.
Our services are tailored for your needs whether you are a buyer looking for your dream home or a seller looking to have peace of mind and a hustle free process. Our multinational and cultural team has vast experience in real estate and client care.
We at Kingdom properties have assigned each agent to a specific area to ensure high accuracy of knowledge, and expertise in any given area. Our mission is to deliver outstanding real estate experience, our goal is client satisfaction and our vision is to create a world where everyone is home."