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Updated over 9 years ago on . Most recent reply

User Stats

71
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Javier Osuna
  • Investor
  • San Diego, CA
5
Votes |
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...

  • Javier Osuna
  • Most Popular Reply

    User Stats

    23,418
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    Wayne Brooks#1 Foreclosures Contributor
    • Real Estate Professional
    • West Palm Beach, FL
    13,508
    Votes |
    23,418
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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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