Earnest money is refundable if you terminate during a valid contingency period or option period. If you default without a valid contingency, the seller keeps it. Understanding your contingencies and acting within timelines is critical.
Offers & Negotiation
Is Earnest Money Refundable in Texas?
Patrick Kevin FaganUpdated August 18, 2026Patrick's Take
"Contingencies are your safety net. As long as you have proper contingencies and act within timelines, you can walk away and get your deposit back."
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Patrick Kevin Fagan
Loan Officer and Realtor · AXEN Realty LLC
Sales Agent · 454749 · TX
Have Questions About Earnest Money?
Patrick can explain how earnest money works and help you protect your deposit.