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Who Gets To Keep Earnest Money?

What is earnest money and who gets to keep it? If you’re a seller reviewing offers for your home, earnest money is the good faith deposit on the sale of the home. Some buyers will offer higher earnest money to show they are serious about the sale. Keep in mind this money goes towards down payments and closing costs at closing. If the buyer terminates the contract, there are different situations where the buyer or seller would keep the earnest money, but generally speaking the earnest money is refunded to the buyer at closing so it’s not something that is going to increase your bottom line, it just shows a buyer is serious about your home.

How Can I Help You With Your Broomfield Real Estate Needs?

John Grandt Broomfield Real Estate Expert

I am consistently among the top real estate agents in Broomfield and I strive to exceed client expectations.

You May Be Wondering… What is My Home Worth?
Do you wonder what your home is worth in the current market? Do you desire a specific Property Valuation Report that I routinely prepare for my clients? Please contact me.

If you are considering buying or selling, I would appreciate the opportunity to earn your business (or that of a friend you think I could help).

Visit Phone: 720.351.8488, or

For questions regarding the Broomfield Real Estate Market in general contact:

John Grandt
Realtor® | Real Estate Negotiation Specialist
North Star Team at Compass