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Updated almost 12 years ago on . Most recent reply

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9
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Anne V.
  • San Ramon, CA
2
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9
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Earnest Money

Anne V.
  • San Ramon, CA
Posted

Hello

I have a quick question ... How do you put down an earnest money deposit when you don't have the 5-10% they want. Is there a strategy around this?

Your help is greatly appreciated.

Most Popular Reply

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822
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Jeff Bridges
  • Investor
  • Hyattsville, MD
440
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822
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Jeff Bridges
  • Investor
  • Hyattsville, MD
Replied

stupid question: If you don't have the 5% EMD to put down, where do you expect the other 95% to come from? Financing will require 20% down minimum and cash will require, well, the remainder to be paid in cash. What do you expect to accomplish when putting in an offer and what financing do you expect to employ?

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