What Is Earnest Money? Published on October 26, 2021 This money gives the buyer extra time to get financing and conduct the title search, property appraisal, and inspections before closing.Understanding mortgage terminology is important when buying a home, so work with someone who knows it all, work with me!Lila TimmonsOregon Licensed Principal Real Estate BrokerNextHome Picket Fence Realty503-544-8800nhpicketfence.com[email protected]#nexthomepicketfencerealty