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  • Graphic explaining who holds earnest money in a Chicago-area FSBO home sale, featuring a house, real estate contract, escrow lockbox, Chicago skyline, and Loftus Law branding.
    chicago,  ChicagoRealEstate,  FSBO,  illinois

    Who Holds Earnest Money in a Chicago-Area FSBO Home Sale?

    October 5, 2026 /

    If you are selling your property without a real estate agent, my Free Chicagoland FSBO Starter Kit includes practical information designed to help sellers understand the steps involved in a private home sale. When you sell your home without a real estate agent, the buyer’s earnest money should usually be placed with an agreed escrow holder rather than simply given to the seller. In a Chicago-area FSBO transaction, the escrow holder might be a title company, an attorney, the buyer’s brokerage, or another party identified in the purchase contract. This is one of those details that many FSBO sellers do not think about until they already have a buyer. A…

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