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earnest money



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You would also likely end up losing any deposits or earnest money you have paid thus far.

From MarketWatch Feb. 12, 2026

That deposit, often called earnest money, is typically 1% to 3% of the home price.

From The Wall Street Journal Oct. 31, 2025

Going through with a sale because you didn’t want to lose the earnest money is a perfect example of sunk cost fallacy.

From Slate Nov. 21, 2022

Some contracts will provide that the buyer loses his earnest money or down payment if the buyer fails to close on the purchase of a home.

From Washington Post Oct. 4, 2021

“You and your husband had recently put down earnest money on this land. Is that correct, Mrs. Heine?”

From "Snow Falling on Cedars: A Novel" by David Guterson




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