Can You Lose Your Earnest Money?
Lori Gabriel - Team Gabriel at Coldwell Banker Realty
Broker, ABR, CRS - TOP 1% Nationally - Team Gabriel at Coldwell Banker Realty: Selling Real Estate in North Central CT & Western MA! Visit My Team's Website at TeamGabriel.net!
Can you lose your earnest money when you’re buying a home? In short, yes. The seller has a right to keep that money under certain circumstances, but that’s why contingencies are so important. Contingencies protect you as a buyer by ensuring that you can pull out of a contract if you need to. To hear more about earnest money, watch our latest video.