3,988,007
$500 to $1000 and some have almost nothing. It is not a percentage of the purchase price.
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Frank Rubi
Metairie, LA
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Lyn Sims
Schaumburg, IL
-
Allie Angeloni
Oro Valley, AZ
679,404
If a house is under $100,000 the EM is about $500. $100,000-$200,000 the EM is $1,000. If over $250,000 and up the EM is typically $2,000 - $2,500.
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Lyn Sims
Schaumburg, IL
-
Allie Angeloni
Oro Valley, AZ
509,449
It varies in my market with the minimum that I've seen is $1,000.
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Frank Rubi
Metairie, LA
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Mary Yonkers
Erie, PA
2,684,109
We see a lot of $1000 on anything under $200K. Over that, Buyers should make it $5000 or a percentage - otherwise, the Seller may counter for more deposit money.
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Abby Stiller
Cape Coral, FL
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Mary Yonkers
Erie, PA
56,684
My market sees about 1% or less. Depends on the situation really. Sometimes more EMD sweetens the deal for sure, but I've never advised less than $1,000.
-
Frank Rubi
Metairie, LA
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Mary Yonkers
Erie, PA
4,572,183
It depends on the individual market but in my primary area, it's 3%. I remember a transaction where the listing brokers were also the sellers of their home and the listing clearly stated --- all offers must have a $2000 earnest money deposit. It was many years ago and the house was in the 400K range --- there was no argument from my clients who I had prepared for a much larger amount.
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Ryan Huggins - Thousan...
Thousand Oaks, CA
-
Lyn Sims
Schaumburg, IL
5,049,450
Usually 1 - 2% but increasingly 3% especially when there multiple bids
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Mary Yonkers
Erie, PA
-
Anna Hatridge
Farmington, MO
911,338
1 to 5%. It varies depending on buyer and price of property.
-
Mary Yonkers
Erie, PA
-
Anna Hatridge
Farmington, MO
763,883
I write the good faith deposit as low as possible. That is the most a buyer can lose if they default after removing all contingencies. That is if the Liquidated Damages clause is initialed by all parties. That is if I represent the buyer. When representing the seller usually a minimum of 1% but up to 3%. I don't like to scare off buyers.
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Frank Rubi
Metairie, LA
5,583,278
5% of the sale price for resales...
10% is what I would require for my builders.....my builders loved me!!!!
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Frank Rubi
Metairie, LA
785,475
989,652
No std but I usually suggest 1% or $1k which ever is closest
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Jessie Cochran
Panama City, FL
290,969
I've seen it as a dollar amount and not a percentage amount Hella M. Rothwell, Broker/Realtor® - depending on the sale price, I see either $2K or $5K as the EMD.
-
Frank Rubi
Metairie, LA
352,976
Typically 3% however the contract is between Buyer and Seller. In our market it's typically the 3%.
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Frank Rubi
Metairie, LA
3,986,258
Beginner homes $500 to $1000
Secondary homes $1500-$3000 or more
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Mary Yonkers
Erie, PA
1,543,823
3% is standard or $10,000 is too.
Depends on the buyer & the price point.
I try not to exceed small claims court limits, or at least the liquidated damages max.
-
Mary Yonkers
Erie, PA
2,781,173
2500-5000 should make the point. There are many other important criteria
-
Mary Yonkers
Erie, PA
3,626,530
392,768
In our area it is a flat dollar amount of about $1000
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Frank Rubi
Metairie, LA
321,564
19,816
969,888
851,242
Typically 1% in our market. Always fun to explain that to the family member from an area that gets a lot more....!
98,484
In my area it's 1% initially and then if there are multiple offers it's often raised to 3% total after contingencies are removed.
2,707,721
Typically 1% is expected in my market, but when multiple offers are involved that can increase quite a bit.
4,936,705
864,658
Typically it is 1% or 2%, however, our market is so competitive that we are seeing EMD much higher than that.
4,800,082
We typically have a low initial deposit of around $1,000 and then a second deposit where I like to see about 5 to 10% of the sales price.
900,128
1% of proposed purchase price at offer, then goes up to 5-10% at time of deposit.
1,153,794
No standard I'm aware of but personally the range has been from $1.00 up to the maximum I can get them to part with. No fancy terms or secondary deposit is the preferred method.
1,502,998
3% has been common here for the last 20+ years. For certain types of loans, it can be less.
758,035
232,019
4,434,127
3,071,489
1,617,916
5,216,409
4,882,355
In my opinion there are many factors that go into determining that amount.
1,844,301
That would be high for my area. It depends on sales price. $1K for up to 100K, 3K for $200K. Our contract does not state a percentage.
2,182,552
The initial deposit amount has dropped thru the years because there are so many other contingencies in the Agreement .
4,457,314
Hella 3% no matter if it is $50k transaction or $50 million transaction, Endre
6,393,609
4,319,419
Hella M. Rothwell, Broker/Realtor® - it's $1,000 for most purchases, followed by up to 5% of agreed upon price.
2,224,473
4,272,548
2,362,977
1,231,853
823,579
I agree, 3% earnest money deposit is standard depending on the terms and price of the home.
2,810,149
1,239,901
3%
want to impress sellers I have seen 5-10%,
One promised 100% EMD 24 hour coe it was rejected due to low offer price.
1,466,207
Hella M. Rothwell, Broker/Realtor® In commercial real estate it is as much as you can get.
1,725,996
711,852
Usually about 1%, but new construction or new developments can be much higher.
921,504
EMD can vary from $500 to 3%.
However, the amount and the heat of the market can compel the buyer to deomsonstrate a greater commitment.
I have been allowed the benefit of listing agents countering with the sellers level of comfort regarding EMD, keeping my buyers in the game.