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Updated over 11 years ago,

Shawn S.'s profile image
Shawn S.'s profile image
Shawn S.
  • Rental Property Investor
  • from Kansas City MO
  • Member since Jul 23, 2013
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User Stats

147
Posts
9
Votes
Shawn S.'s profile image
Shawn S.'s profile image
Shawn S.
  • Rental Property Investor
  • from Kansas City MO
  • Member since Jul 23, 2013
Connect
Shawn S.
  • Rental Property Investor
  • Kansas City MO
9
Votes |
147
Posts
General Real Estate Investing

Earnest Money

Shawn S.
  • Rental Property Investor
  • Kansas City MO
Posted

Is earnest money on a property a percentage of the price or a flat fee usually?

Is earnest money refundable if you choose not to go through with a property after inspection?

I was considering trying to get a property under contract before traveling to see it and was just wondering about the downsides of doing this.

Thanks

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