Earnest money is a deposit you make when submitting an offer on a home in Santa Clarita, Valencia, Saugus, Newhall, Stevenson Ranch, Canyon Country or Castaic—it shows the seller you're serious and committed.
How Much Is It?
- Typically 2%–3% of the purchase price
- On a $700,000 home, that’s $14,000–$21,000
Where Does It Go?
- Held in an escrow account until closing
- Applied to your down payment or closing costs
Is It Refundable?
Yes—if contingencies (inspection, loan, appraisal) aren’t met and you back out properly. If you cancel after removing contingencies, you could lose it.
Why It Matters
- Shows the seller you’re serious
- Strengthens your offer in competitive markets
Not sure how much earnest money to offer or how to protect it? I’ll walk you through the best strategy for your situation.
Ready to make your next move in Santa Clarita?
Contact Tami Cicerello with The Cicerello Team at RE/MAX Of Santa Clarita — your local real estate expert with 36+ years of experience helping sellers and buyers reach their goals.
661–212–3413| 
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Written by Tami Cicerello, REALTOR® and local real estate expert serving Santa Clarita, Valencia, Saugus, Newhall, Stevenson Ranch, Canyon Country and Castaic.