How much earnest money should I put with my purchase offer?

  1. DonnaCosmato profile image96
    DonnaCosmatoposted 6 years ago

    How much earnest money should I put with my purchase offer?

  2. MarleneB profile image96
    MarleneBposted 6 years ago

    However much you want!

    You want to show your earnest desire to purchase the home. It's like putting your money where your mouth is. The more you are willing to put up front, the more you show the sellers your interest and ability to purchase the home. You are also showing how much you are willing to risk by the amount of money you are placing up with your offer. In our area (northern California), it is customary to submit an earnest money deposit of between 2% to 3% of the purchase offer.

 
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