real estate consultant: FAQ How Much Earnest Money Should I Put Down
- 06/05/12 08:02 AM
How much earnest money should I put down? The amount of earnest money varies from one purchase to the next. There is no set formula or amount. The earnest money works as a deposit of buyer’s interest to the seller. A serious buyer is more likely to put down a sizeable deposit. Sometimes sellers request that buyers put down more earnest money than offered. After all they are taking a risk removing the home from the market. Asking the buyer to take a greater risk in the process seems only fair to the seller. Your local real estate consultant can
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