What’s Earnest Money and Do I Get It Back If the Deal Falls Through?

by Delisa Lapinsky

Earnest money is your “I’m serious” deposit — usually 1–3% of the purchase price — that’s held in escrow once your offer is accepted.
If the deal closes, it’s applied to your costs. If it falls through for a valid reason (inspection, financing, appraisal), you get it back.

Back out without a reason? You could lose it. Your agent will help you stay on top of all your contingency deadlines.

Written by Delisa Lapinsky, your trusted Rockwall and Dallas-area real estate expert.
Delisa helps homeowners across North Texas buy and sell with strategy, confidence, and ease