The Earnest Money Needs To Be Delivered Per The Purchase Agreement 


Earnest Money Is Typically Due Within 24 Or 48 Hours Of The Acceptance Of The Purchase Agreement

Earnest Money Is Typically 1% Of The Purchase Price. This Amount Will Most Often Become Part Of Your Down Payment At Closing. Earnest Payments Are Held In An Escrow Account Typically By The Listing Brokerage. That Payment Demonstrates To The Seller(s), That the Buyer(s), Are Serious About Closing On The Purchase Of The Property. Most Purchase Agreements Have Contingencies, Like Mortgage, Inspection and More. These Contingencies Typically Allow For Full Refund Of The Earnest Money Under Certain Conditions.