How Much Earnest Money Is Typical in Orlando Offers?

TL;DR (Quick Take):

• Most Orlando-area buyers put down 1–2% in earnest money.

• Hot neighborhoods like Winter Park, Lake Nona, or Windermere may see 3% or more.

• Earnest money shows you're serious and gives sellers peace of mind.

• It’s usually refundable under contingencies—but not always.

What is Earnest Money, and Why Does It Matter in Orlando Real Estate?

Earnest money—sometimes called a good faith deposit—is the upfront cash a buyer includes when submitting an offer. It’s your way of saying, “I mean business.”

In the Orlando market, where desirable homes in places like College Park, Dr. Phillips, or Oviedo can draw multiple offers, earnest money isn’t just a formality. It’s a competitive lever. The money goes into escrow and is eventually applied to your down payment or closing costs.

Sellers see it as a form of insurance. If a buyer backs out without a valid contractual reason, that deposit may become the seller’s compensation for lost time and opportunity.

How Much Do Buyers Usually Put Down in Orlando?

Typical earnest money deposits in Central Florida range from 1% to 2% of the purchase price. For a $450,000 home in Lake Nona, that’s between $4,500 and $9,000.

But if you’re bidding on a $1M lakefront listing in Windermere or the Butler Chain of Lakes, it’s not unusual to see deposits of 3% or even more to stand out—especially in multiple-offer situations.

I recently worked a deal where we saw a buyer offer $30,000 in earnest money (just over 3%) on a $950K property in Winter Park, helping them edge out two other offers. That kind of move tells the seller: “We're committed and ready to close.”

Is Earnest Money Always Refundable?

It can be—but only if you stick to the contract.

Most purchase agreements in Florida include contingencies for things like financing, inspections, and appraisals. If one of these goes sideways and you're within the allowed timeline, you can cancel and get your money back.

But if you miss a deadline, waive contingencies, or simply get cold feet, the seller may have the right to keep your deposit. I’ve seen it happen when buyers misunderstood inspection clauses or failed to send timely notices.

And here in Florida, escrow companies cannot release those funds without signatures from both parties—even if one side is clearly in the right. That means earnest money disputes can drag on, or even land in court.

What Are Sellers in Orlando Expecting Right Now?

Savvy Orlando sellers—especially in competitive areas like Lake Mary, Baldwin Park, and Winter Garden—are paying close attention to earnest deposits. Many are more likely to favor:

• Earnest money of 2–3% or more

• Shorter contingency windows

• Fully underwritten pre-approvals

• Personalized letters or videos from buyers

I’ve even seen sellers counter specifically for a higher earnest deposit, especially when other terms (like a lower appraisal cap) are in play.

What Happens to Your Earnest Money in Escrow?

In Florida, earnest money is held in escrow—often by the title company—until the deal closes. Then, it’s applied toward your purchase.

But if the deal falls apart? What happens next depends on:

• Whether your cancellation reason is protected

• Whether you’re within your contingency window

• How well your contract was written

And again, both sides must agree in writing to release those funds. That’s why choosing the right Realtor® matters—it’s not just about finding a house; it’s about navigating the paperwork that protects your money.

Smart Ways to Protect Your Earnest Money in Florida

Here’s how to keep that deposit from disappearing:

✅ Know your contingency deadlines and stick to them
✅ Never waive protections unless you fully understand the risk
✅ Work with a local Realtor® who knows Florida contracts inside and out
✅ Set calendar reminders for inspection and financing timelines
✅ Communicate in writing when things change
✅ Ask your lender about realistic appraisal and funding timelines
✅ Review counter offers and amendments carefully—those affect your deposit too

Real FAQs About Earnest Money in Orlando

Q: Is 3% considered aggressive in Orlando?
Yes, especially in the suburbs. In a neighborhood like Heathrow or Laureate Park, it shows strong intent. But make sure your deposit matches your level of certainty.

Q: Can I get my deposit back if I find issues in the inspection?
Yes, if you’re still inside the inspection period and your contract allows cancellation based on those findings.

Q: What if the seller won’t release my deposit?
Without mutual signatures, the title company can’t release the funds. Disputes may end in mediation, arbitration, or even small claims court.

Final Take

Your earnest money isn't just about numbers—it's about positioning. In a fast-moving market like Orlando, a well-structured offer with a strong deposit can be the difference between winning and losing the home you love.

Want help crafting an offer that’s both competitive and protected? I’ve guided hundreds of Central Florida buyers through deals of all shapes and sizes. Let’s make your next offer a smart one.

Ready to house-hunt with confidence?

📲 Call or text Ted Moseley at (321) 321-2025 or visit https://OrlandoNest.com for personalized guidance backed by 25+ years of local area knowledge and years of real estate expertise.

Licensed Realtor® with Real Broker, LLC – Serving Orlando, Lake Nona, Winter Park, and everywhere in between.