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Updated over 5 years ago on . Most recent reply
Increasing Earnest Money
Got a great deal on my hands but....
the sellers lawyer is saying to increase the Earnest money amount to $2,000, what should I say to bring it down? How should I respond?
Any advice would be appreciated!
Most Popular Reply
![Kenneth Reimer's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/523243/1680210569-avatar-kennethreimer.jpg?twic=v1/output=image/crop=2400x2400@0x187/cover=128x128&v=2)
Sardar, this is a classic negotiation. There's not necessarily anything you can say to tell them to accept less than $2,000. That being said, I subscribe to the belief that you never give without getting in a negotiation. Therefore, find something that you want from the seller that you would be willing to get in exchange for the increased EMD. But, if you aren't open to increasing to $2,000, then say no. If they accept you saying no, the deal may not be as competitive as they're making it out to be. Hope this helps!