Escrow deposit of 15% on a cash deal?

[Aaron Howard]

Hello BP, 

Quick question, Im a newbie home flipper and just got my first property under contract. The seller wants 15% as a GFD and im a little nervous about that. If something were to go wrong and i wanted out, i would have $16,500 in escrow to try and get back...i was thinking more along the lines of 5% or MAYBE 10%.....What do you guys think? Oh and to boot the closing agent is the sellers attorney(seller gets to pick the closing agent in my county)...Any advice would be greatly appreciated!!

Thanks