What do you offer as Ernest money on foreclosures ??

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We have been buying foreclosures off the MLS. are offers are cash purchases no inspections and our agent has been suggesting EM of 10% of the offer price. My issue is that some of these transitions are taking up to 6 months to close. So all that cash locked up I'm EM is killing me.

I am planning on making an offer on a home path property ASAP and wanted to see what other cash buyers are putting as EM on their offers. 

Thank you in advance.