Re: Question on earnest money amount in CA
10-06-2012 02:57 PM
It depends on the market as to what is typical, but I wouldn't say that it is unusual in California. The seller is free to set whatever deposit requirement he wishes, and in a hot market, they tend to set them higher to weed out marginal buyers. They don't want to be locked into a maybe when they can sideline maybes and lock in a definite.
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