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Updated over 6 years ago, 09/22/2018

User Stats

581
Posts
32
Votes
Tony Marcelle
  • Bessemer, AL
32
Votes |
581
Posts

Can I use earnest money deposit as leverage?

Tony Marcelle
  • Bessemer, AL
Posted

If I was to buy a house from someone who is asking for too much earnest deposit, could I lower my offer price to make up for the bigger earnest money deposit? Could I not just increase earnest money deposit from the next buyer buying from me? That is why I never liked buying from other investors or bank owned properties that charge too much in earnest money deposits.

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