How to negotiate lower earnest money deposit with agents?

[Antonio Bodley]

What are some of the ways you can pay lower earnest money deposit with an agent?

[Dustin Allen]

@Antonio Bodley

Earnest money deposits should not be negotiated with agents. That should be between the buyer and seller through the agents.

There are customary amounts in most markets and the buyer should be able to offer whatever they want. In CA we typically see 3% for primary residences as that is all that is at risk if a buyer defaults on a primary residence purchase. Investment properties get a little more creative and buyers might offer a large deposit and good terms with a slightly lower price if it’s cash.

Get creative and see what they will accept.