10/26/2026
What Is Earnest Money? Ask Jessie No.57
It's generally a good-faith deposit made by a buyer after an offer is accepted.
Typically
💰 Show the buyer's commitment
🔐 Be held in escrow
🏡 Be applied toward the purchase at closing
But if the transaction doesn't close, what happens to the deposit, depends on the contract?
Jaswinder (Jessie) Singh
DRE # 02007057
.1Realtor