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when should buyer get the earnest money on a real estate contract back?
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Your earnest money will be given back or contributed to the sale property at closing.
Here in Minnesota: if the buyer is unable to get financing for the property, and box 1 on the financing addendum was checked, buyer and seller agree to sign a cancellation and earnest money is refunded to the buyer.
In addition, if the buyer backs out based on the home inspection, he or she will get the earnest money back.
When all parties have signed the required paperwork stating what happens to the earnest money.