What is Earnest Money and How Does It Work in Omaha?

When you make an offer on a home in Omaha, you’ll likely need to include earnest money. But what exactly is it, and what happens to it?

What is Earnest Money?

It’s a good-faith deposit (usually 1–3% of the purchase price) that shows sellers you’re serious about buying.

Where Does the Money Go?

It’s held in escrow until closing. If the deal goes through, it’s applied toward your down payment or closing costs.

Can You Lose It?

Yes—if you break the contract without a valid reason. But with standard contingencies (inspection, financing, appraisal), you’re protected.

Why It Matters in Omaha

In a competitive market, strong earnest money can help your offer stand out.

Conclusion:

Earnest money is part of buying smart—not risky.

Have questions about writing a winning offer? The Pierce Group can guide you every step of the way.