Quote:
Originally Posted by retiredguy123
I don't know what you mean by "hardly any earnest money". But, as a seller, I wouldn't accept an offer and take my house off the market unless the offer included at least $10,000 in earnest money. The earnest money is put into an escrow account, and it is only forfeited if the buyer violates the sales contract.
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I agree. I am currently selling my home in Hillsborough and unless a buyer was willing to put at least a 10,000 earnest money deposit I would not consider taking it off the market. I come from NYC...at contract we are asked to put a substantial amount down in the event the seller decides to back out.