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. That means if the sale is completed, the money is not refunded – it’s credited toward what you owe. Where does earnest money go? How can I get my earnest money back?
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