The earnest money shall be subject to forfeiture if cancellation occurs after days. 6. If BUYER fails to provide proof, SELLER may cancel this.Contract and BUYER'S Earnest Money shall be refunded. Item 3: Enter Bid Amount and amount of earnest money Purchaser has deposited. Enter holder of earnest money deposit in accordance with Seller's instructions. The average earnest money deposit usually comes out to about one to three percent of the purchase price of the home. Earnest money deposit. Fill in the total purchase price for the property. Specify the amount in U.S. dollars. 7. In today's housing market, making sure your offer on a home will stand out is important.