08/27/2026
Real estate has a language all its own, and if you’re buying your first home, it can feel like everyone else already knows the terms.
Earnest money is one of those phrases that sounds more intimidating than it really is.
It’s simply a deposit that shows a seller you’re serious about your offer. In most cases, it isn’t an extra fee you’ll never see again. It usually becomes part of what you already planned to pay at closing.
The important part is understanding when it’s refundable, when it isn’t, and how your contract protects you.
No one expects you to know all of this before buying a home. That’s part of my job!
What other real estate terms have you always wondered about? Drop them in the comments!