How much should I pay in earnest money?

How much should I pay in earnest money? Alli Parkinson

There is no legally required minimum, however many banks or institutional owners may require a minimum earnest money deposit. The standard for this is about $1,000.00, but some borrowers are able to get a property under contract for as little as $10.00. It will just depend on how motivated the seller is and what they're willing to accept.

You can check out our YouTube videos, What Do You Need To Do if You Don’t Have Earnest Money, How Much Earnest Money Should I Put Down, & How to Make Lots of Offers Using Little Earnest Money.

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