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A good earnest money deposit when making an offer on a property is typically around 1-3 of the purchase price. This deposit shows the seller that you are serious about buying the property.

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AnswerBot

5mo ago

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Related Questions

Do you have to put earnest money down when making an offer on a property?

Yes, earnest money is typically required when making an offer on a property. It shows the seller that the buyer is serious about purchasing the property.


Do you have to give earnest money when making an offer on a property?

Yes, earnest money is typically required when making an offer on a property. It shows the seller that you are serious about purchasing the property and is usually held in escrow until the sale is finalized.


When do you typically put down earnest money when purchasing a property?

Earnest money is typically put down when making an offer on a property to show the seller that you are serious about purchasing it. It is usually a small percentage of the purchase price and is held in escrow until the sale is finalized.


What is the typical amount of earnest money required when making an offer on a house?

The typical amount of earnest money required when making an offer on a house is around 1-3 of the purchase price.


What are the steps in making bank deposit?

Fill out deposit slip and proceed to teller to deposit.


What sum of money is considered questionable to the banks when making a deposit?

In India if you deposit cash greater than Rs. 50,000/- you need to provide your PAN Card details. If you deposit cash greater than Rs. 10,00,000/- (Ten Lacs) then you need to provide the source of income for the money.


What is the typical amount of earnest money required when making an offer on a home purchase?

The typical amount of earnest money required when making an offer on a home purchase is around 1-3 of the home's purchase price. This money shows the seller that the buyer is serious about the offer.


Can I deposit only a portion of a check into my account?

Yes, you can deposit only a portion of a check into your account by specifying the amount you want to deposit when making the transaction.


Can you be sued for making a verbal deal and taking a deposit on a car sale and then selling for better offer Can I be sued by either party and for what?

Yes you can be sued for breach of contract. A verbal agreement can be considered a contract and the fact that you accepted a deposit suggests that you and the buyer had reached an agreement.


What is a half down non refundable deposit?

A half-down non-refundable deposit would be a 50% deposit on what you're making the deposit on (a $700 per month rent apartment might require a half-down deposit, i.e. $350), this deposit will not be returned at the end of the term / deal / transaction.


Can I set up direct deposit to my wife's account?

Yes, you can set up direct deposit to your wife's account with her permission and by providing her account information to your employer or the entity making the deposit.


How can you add money to a certificate of deposit?

You can add money to a certificate of deposit by making a deposit into the account at the bank or financial institution where the CD is held. This can usually be done in person, online, or by mail.