Closing

What is earnest money in a Texas purchase?

Earnest money is a good-faith deposit delivered to escrow/title per the contract. It is not the same as the option fee. Disposition of earnest money if a deal terminates depends on contract terms and release procedures — ask title and your agent before assuming refunds.

Reviewed 2026-07-23 · Suzie Castillo, Founder & Broker

Detailed explanation

Deadlines for depositing earnest money are strict. Remote buyers should confirm wiring or delivery methods with title using verified contacts.

Wire-fraud warning: Criminals spoof email near closing. Before sending any wire, call your title company using a phone number you verified independently (official website or prior business card) — not a number in a new email. Confirm account name, number, and amount.

Related cornerstone · Español

What varies

  • Contract amounts
  • Title company procedures

Documents that may be needed

  • Contract receipt instructions
  • Escrow confirmation

Professionals to consult

  • Title/escrow
  • Licensed broker

Talk with a licensed advisor

Private-client guidance for Mexico ↔ The Woodlands.