Close menu

How Much Earnest Money Is the Right Amount?

There isn’t any legal answer when it comes to deciding the right amount of earnest money. In general, the answer is whatever a seller is willing to accept. In some markets, the norm is to put down 1 percent of the total purchase price. For instance, for a $300,000 house, a buyer might be expected to put down $3,000.

But if a buyer is bidding on a hot property in a great neighborhood, it could make sense to boost the sum to increase the odds of the sellers accepting the offer. 

Let’s get in touch.

By giving us your phone number and email address, you are giving Desi Sowers permission to contact you via email or phone.