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Updated over 9 years ago on . Most recent reply
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End-buyer earnest money deposit....
Hey fellow investors!
When negotiating a contract assignment with your end-buyer, what is the criteria used for determining how much of an earnest deposit to ask for, in order to insure the end-buyer has some skin in the game and is not so prone ti back out of the transaction during escrow? Is there a percentage amount based on the purchase price of the property that would be considered 'the norm'?
Thank you in advance...
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Wayne Brooks
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@Javier Osuna "It's only a matter of instructing the title co. to release...". You might to verify that with the title co.