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Escrow holder

Is Earnest Money Refundable? When You Can (and Can’t) Get It Back

Redfin

JULY 11, 2025

This good-faith payment, typically 1% to 3% of the purchase price, is held in escrow and applied to your down payment or closing costs if the sale goes through. Whether you get it back depends on the terms of your purchase agreement, the contingencies included, and why the deal didn’t close. When is earnest money refundable?

Earnest money deposit

Earnest money deposit Purchase and sale agreement Escrow holder Pre-approval

From Startup to Industry Standard

RIS Media

SEPTEMBER 1, 2020

Fast forward to the beginning of 2017 when Clements was helping his client, Daniel Jeffords, purchase a home and the two started talking about the real estate process while sitting at the closing table. Earnnest is free to use for the agent and escrow holder, and Earnnest charges the homebuyer a flat processing fee for each transaction.

Escrow holder

Escrow holder Industrial Earnest money deposit Technology

Is Earnest Money Refundable? When You Can (and Can’t) Get It Back

From Startup to Industry Standard

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