Earnest money deposit problems with buyer

[Deonte Palmer]

I've been dealing with buyers that are saying that a 3k earnest deposit on a deal with a 107k purchase price with a 200k ARV. Is this usual cause my train of thought is that if you are serious about buying it shouldn't matter. (The buyer has done a walkthrough if the property already) Or is it something I am missing about this. I'm also in the process of getting my brokers license so any help on that would be nice to.

[Mike McCarthy]

@Deonte Palmer like all parts of the RE process, it’s negotiable. I usually provide a $3-5K Ernest money deposit when buying. Why make it higher if I don’t have to?

I’ve never had a seller request more, they are always looking at the purchase price. But if someone came back to me and asked for more, or a second deposit after contingencies, I’d probably be ok with that.