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Javier Osuna
  • Investor
  • San Diego, CA
5
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71
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End-buyer earnest money deposit....

Javier Osuna
  • Investor
  • San Diego, CA
Posted

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#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,512
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

@Javier Osuna "It's only a matter of instructing the title co. to release...".  You might to verify that with the title co.

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