How much do people put up as earnest money when making an offer to buy a house?

Answer 1

That's up to you as long as you understand that you do not need to give any money with an offer. It is merely a way to indicate to the seller that you are willing to risk cash in the event that you do not meet the terms of the offer that the seller accepts from you. You need to have consideration with an offer to purchase for that contract to be enforceable cash is one type of consideration but not the only one. The fact that you are promising to purchase the property even though you do not have to make that promise is sufficient consideration. (oh and check this out for the drama lovers: love and affection is also consideration) Therefore as long as you know what the earnest deposit is for and the agent clearly spells out on the offer to purchase how the disposition of the deposit will be treated at closing or termination of the agreement it really is up to you.
Buena Suerte

Answer 2

$500

Answer 3

about $1000

Answer 4

I normally ask for 1%, but it depends on the property and the sellers requirements.

Answer 5

some thing like that got here about after we were procuring our homestead, the appraiser low balled it for 1550 lower than the fee we presented and the vendors already diminished the fee 16,000 to settle for our furnish. Our genuine resources agent took a decrease in his commision and paid the version, he worked for both us and the sellers. yet I wasnt going to enable my dream homestead slip away over a small 1550.00 funds distinction. it might want to be on your settlement, call your realtor ask him/her its the in elementary words authentic thanks to be certain

Answer 6

100.00 is the payment in good faith when making an offer to purchase, to a Realtor. (in Canada anyways)

Answer 7

anywhere from 500 bucks to a few thousand.