Earnest Money & Escrow:
Earnest money is a good faith deposit showing the seller you’re serious about buying the home. It’s held safely in an escrow account, which is a neutral, secure place managed by a third party until closing. This deposit is applied toward the purchase price of your home.

Why It Matters:

• For You: Strengthens your offer, keeps your purchase secure, and is refundable if contingencies like inspections, financing, or appraisal aren’t met.

• For the Seller: Shows commitment, protects them from lost time or other buyers, and can compensate them if the buyer backs out without a valid reason.

Why it matters: Earnest money and escrow work together to protect both sides — giving the seller confidence while keeping your deposit safe and reducing the amount you owe at closing.