Making a offer on first real estate property
The sellers agent is asking for a deposit to go along with the offer on a property. How common is it for a cash deposit to be included with a offer on a property?
Most Popular Reply
@Nile Reavis Some type of Ernest Money Deposit is very common but it should be your realtor's brokerage or the title company holding the deposit, so it's not like you are writing a check to the seller or the listing agent. I would not think anything of it unless it seems unreasonable or you are asked to submit a deposit with no contingencies.