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That's why many first-time home buyers, when making an offer on a house, are not. Earnest money deposits are not required for the creation of a valid and.

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For example, the earnest money on a $40,000 house will probably be far less than the earnest money on a $1,000,000 apartment complex! Although there is no hard and fast rule that governs the amount required, most earnest money deposits tend to be 1% to 2% of the purchase price.

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 · When it comes to selling real estate there is no standard, acceptable amount of earnest money to accompany an offer. First let’s examine what earnest money is. Earnest money is also referred to as “good faith” money.

An earnest money deposit is a deposit of good faith on a home loan from a buyer to a seller. Including an earnest money deposit with your offer is a part of the VA home loan process and serves to protect VA buyers and sellers in a real estate transaction. Learn how earnest money might help you obtain the home you want.

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 · how much earnest money required in fremont? Find answers to this and many other questions on Trulia Voices, a community for you to find and share local information. Get answers, and share your insights and experience.

 · A very common practice in the San Antonio area is for earnest money to be roughly 1% of the sales price of the property, generally rounded to $500 increments. For example, on the purchase of a $175,000 house, a common amount of earnest money would be $1,500.

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