What is earnest money?
Quick Answer
Earnest money is a good-faith deposit (typically 1-3% of purchase price) you put up when an offer is accepted, held in escrow. Credited to your closing costs at closing. Refundable if you back out within contingency periods.
Warren Team
Updated October 14, 2025
34
Warren Team
Updated October 14, 2025
34
Important Disclaimer:
The information provided is for educational purposes only and should not be considered as personalized financial advice. Warren is a registered investment advisor. Past performance does not guarantee future results. Please consult with a qualified financial advisor before making investment decisions.
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