What Is Earnest Money and How Is It Handled in Tulsa?

Earnest money is your way of showing sellers that you’re serious. In Tulsa, it typically equals 1–2% of the purchase price and is held by a title company in escrow until closing.

When It’s Refundable

If your deal falls through due to financing or inspection contingencies, your earnest money is refunded. However, backing out without cause can mean forfeiting the deposit.

Why It Matters

It strengthens your offer, especially in competitive markets like South Tulsa or Midtown.

I’ll guide you through how to write strong offers while protecting your earnest money every step of the way.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Keywords: earnest money Tulsa, escrow process Tulsa, home buying deposit Oklahoma