Blog > What Is Earnest Money, and How Much Is Typical?
Earnest money is a buyer’s deposit showing serious intent to purchase. It’s typically 1–3% of the purchase price and held in escrow until closing. If the deal falls through under protected contingencies, the buyer usually gets it back. If they default without cause, the seller may keep it. It’s a key trust factor that signals a buyer’s commitment and strengthens their offer.
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