Earnest moniesWe are selling our home for $1,275,000. The couple who want to buy it can't qualify now because he just went onto a 1099 form for last year taxes. They want to rent our home until they have another years record the 1099. They are putting down $100,000. Deposit and renting with option to buy. We need monies to get into our new home. My question is what if they decide a couple months down the road they want to back out. Do we keep the earnest monies since we have taken our home off the market, turned down other offers and signed contracts to have a new home built ?July 26 - Los Angeles00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.