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Updated almost 10 years ago on . Most recent reply
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Earnest money amount
For private sales is it reasonable to have the earnest money amount be something between $10 and $1000? And I assume for REOs and short sales it would be greater?
Does it raise a red flag to the seller if I offer only $100?
Most Popular Reply
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I usually never bring up earnest money when dealing with private sellers unless they ask about it. If they do I will tell them I can put down $500 to $1,000 with MY closing attorney. I usually get the seller to close with my attorney as well.
- Curt Davis