The Boomerang
60 seconds
3 of 10
Small lessons.
A big move.
The big idea
What is earnest money?
Earnest money is a boomerang.
You send it when your offer is accepted.
It comes back at closing, counted toward your costs.
See it in an example
Example
Where your $3,000 goes.
$300,000 offer → a few days after acceptance, $3,000 to the title company → at closing, $3,000 counted toward your costs.
Take the quick check
At closing, your earnest money…