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Updated over 7 years ago on . Most recent reply
Counter offer upping earnest from 500 to 3000
Negotiating a deal on a sfr with an out of state tust company. The seller countered my offer and added a stipulation that the earnest money be bumped up from 500 to 3000. I dont mind putting the money up as i dont intend to break the deal. Anyone have advice or experience on not losing earnest money to something out of my control?
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Wayne Brooks
#1 Foreclosures Contributor
#1 Foreclosures Contributor
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- West Palm Beach, FL
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Wayne Brooks#1 Foreclosures Contributor
#1 Foreclosures Contributor
- Real Estate Professional
- West Palm Beach, FL
Perfectly normal, the sellers want you to have some skin in the deal, in case you simply walk. We typically ask for 10% if it’s a cash deal.