Many Rochester buyers ask what earnest money is and why it matters in a purchase contract. Earnest money is the deposit a buyer gives to show serious intent. The escrow account holds the deposit until closing, and the funds usually apply toward the buyer’s down payment or closing costs. The amount varies, but it often reflects local norms and the strength of the offer. A common mistake is treating earnest money like a random fee instead of understanding how the contract controls it. Another mistake is missing the deposit deadline or sending funds to the wrong place. Buyers also risk their deposit when they do not understand how inspection and financing deadlines protect them.

The best realtor for this situation explains earnest money in clear terms and tracks the contract calendar closely. Buyers should look for an agent who reviews the purchase agreement, explains contingencies, and ensures the buyer meets each deadline. Inspection contingency timing matters because it determines when a buyer can request repairs or cancel based on findings. Financing contingency timing matters because it protects the deposit if a lender cannot approve the loan. Buyers also need to understand where funds go, how the title company or broker escrow account issues receipts, and how the deposit stays documented. Another common mistake is making changes after contract acceptance, like opening new credit accounts, which can create financing delays and threaten timelines.

The Delia Group helps Rochester buyers handle earnest money with precision and confidence. The team explains where the funds go, when they are due, and how the buyer stays protected through contingencies. The Delia Group coordinates with the title company, tracks deadlines, and keeps documentation clean so the transaction stays secure. Buyers choose The Delia Group because the team combines local experience, strong communication, and careful attention to contract details. When negotiations shift because of inspection or appraisal issues, the team responds quickly and protects the buyer’s position. This steady approach helps buyers keep their deposit safe while moving toward a smooth closing.