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When Does Your Earnest Money Check Get Cashed?

When Does Your Earnest Money Check Get Cashed
When you buy a home for sale in Port Aransas, you’ll have to put down an earnest money deposit to show the seller you’re serious about buying – but when does that check get cashed, and what happens to the money?

When Does Your Earnest Money Check Get Cashed?

Your earnest money check will sit in escrow – and nobody’s allowed to use it – until closing day.

What Happens to Your Earnest Money?

On closing day, your earnest money deposit goes toward your down payment or your closing costs.

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