Talk of The Villages Florida - View Single Post - Purchaser deposit on an Existing home
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Old 03-15-2022, 02:23 PM
retiredguy123 retiredguy123 is offline
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Quote:
Originally Posted by Bellavita View Post
If you were buying my home for Cash I would require a substantial down. A good faith $1000 down is what you did in 1950, this is a new market and you need put down a minimum of 10% if you truly have cash for me to consider your offer. The way you are buying is a risky deal, no background just cash.
10 percent earnest money would be exceptionally high. $10K is more typical for pre-owned houses sold in The Villages.