Understanding An Earnest Money Refund Are earnest money funds refundable? When you are purchasing real estate, there are quite a few things you need to know. One of those things is whether or not your money is refundable. The reason for this lies in the sometimes incomprehensible deal of purchase agreements. Many buyers and sellers will ask their real estate agents whether the earnest money deposit is refundable. Sometimes, these situations can be more complex than a simple yes or no answer. ...