Earnest Money

The terms “earnest money” and “earnest payment” denote a down payment paid towards the purchase of property (typically real estate). This deposit indicates that you are serious about following through on a purchase.

In Switzerland, you are not normally expected to pay earnest money when attempting to purchase a home. Instead, you will have to meet mortgage affordability requirements or broker a payment plan directly with the home owner.

More on this topic:
Swiss mortgage comparison

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