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Reply with quote  #1 
I currently offer 500-1000 as earnest money is that too high or low been hearing several different takes on this?
Josh Weidman

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Junior Member
Posts: 2
Reply with quote  #2 
dhepp, that's a good question with an answer that depends on what you can get away with. Depending on how motivated I am on a deal, I'll offer an earnest money deposit of $10 to $10,000. If the seller doesn't care, I'll put down $10. On the other hand, if I am making an offer on an REO or there is a lot of competition on a given property, I'll increase my deposit to strengthen the offer.
"Obstacles are those things we see when we take our eyes off the goal." - Unknown
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