What Is Earnest Money?

Earnest money is a good-faith deposit a buyer puts into escrow shortly after an offer is accepted. It shows the seller you're serious and it's credited toward your purchase at closing.

How Much Is Typical?

In San Diego, earnest money is commonly around 1% to 3% of the purchase price, though the amount is negotiable and can strengthen a competitive offer.

Where the Money Goes

It's held by the neutral escrow company, not the seller, and applied to your down payment and closing costs when the sale closes.

Is It Refundable?

While your contract contingencies are active, you can typically cancel and recover your deposit. After you remove contingencies, backing out may put it at risk.

Protecting Your Deposit

Meeting contract deadlines and keeping contingencies in place until you're confident is how you protect your earnest money.

Questions About Your Deposit?

Reach out and I'll make sure you understand exactly when your earnest money is protected and how to keep your purchase on track.