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Updated over 3 years ago on . Most recent reply

Raja Nahs's profile image
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Raja Nahs
  • Member since Nov 21, 2021
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Raja Nahs
  • Member since Nov 21, 2021
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Raja Nahs
3
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8
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Buying & Selling Real Estate

Can a builder ask for a 20% earnest money?

Raja Nahs
Posted

Hello,

Is it normal for a builder to ask for 20% earnest money for an investment property in Dallas Texas?

Thanks!

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Catherine Coy's profile image
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Catherine Coy
  • Lender
  • from Huntington Beach, CA
  • Member since Jun 21, 2008
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Catherine Coy's profile image
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Catherine Coy
  • Lender
  • from Huntington Beach, CA
  • Member since Jun 21, 2008
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Catherine Coy
  • Lender
  • Huntington Beach, CA
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151
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Catherine Coy
  • Lender
  • Huntington Beach, CA
Replied

In this environment with inventory so low, a builder can ask you to stand on the corner and cluck like a chicken.

Catherine Coy

Loan Originator

Shore Capital Corporation

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