08/11/2026
What actually happens to your earnest money after your offer gets accepted? 🏡
A lot of buyers know they need to deposit it, but don’t really understand what happens after that.
The quick version:
• It shows the seller you’re serious
• It’s generally held during the transaction
• It normally gets credited toward the purchase at closing
• The contract determines when it can be refunded
• Missing deadlines or backing out outside your contractual rights can potentially put it at risk And sellers should understand it too--because earnest money can provide some protection if a buyer fails to perform under the contract.
I broke down the basics in this week’s blog without all the legal-sounding jargon.
Read your contract. Know your deadlines. Protect your money.