Sentences with phrase «small earnest money»

Not exact matches

The escrow agent collects what is known as «earnest money» from the buyer: a deposit that is equal to a small percentage of the sale price.

As far as needing money for a deal, if you're targeting private seller deals, you can usually get away with putting down a small deposit, as opposed to listed deals where you need 1k or more as an earnest money deposit.

For any cash purchase, I see no reason to submit earnest money at least than the total purchase price — ESPECIALLY for small purchases like this.

However, just to be safe, you should make a small portion of the earnest money non-refundable.

We've had sellers who react with such venom to a bad offer that they made things more complicated by changing the terms, such as wanting a bunch more earnest money or demanding a small inspection window.