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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

If the buyer changes their mind for any reason within 14 days, Conner Homes refunds the earnest money and cancels the transaction.

From Seattle Times Aug. 3, 2022

“With new construction, you usually only have 15 to 30 days, depending on the contract, to get your earnest money back,” Rueth says.

From Washington Post Mar. 17, 2022

“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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