Archive for Archive for October 4th, 2011

How Much Earnest Money Deposit Do You Need!

I normally recommend that a buyer put no more than 1% earnest money deposit down when submitting an offer. If the offer price is $200,000, than the earnest money deposit should be $2,000. This is my rule of thumb, there is no set amount. My responsibility is to limit my buyers’ financial exposure. When an […]

Posted by: najirashid on Tuesday, October 4th, 2011