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Updated over 8 years ago on . Most recent reply

Raj G.'s profile image
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Raj G.
  • Investor
  • from Jersey City, NJ
  • Member since Oct 23, 2015
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Raj G.
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  • from Jersey City, NJ
  • Member since Oct 23, 2015
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Raj G.
  • Investor
  • Jersey City, NJ
48
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Buying & Selling Real Estate

How much money should I put in as Earnest money in Escrow account

Raj G.
  • Investor
  • Jersey City, NJ
Posted

Hi, suppose I buy a home for $500K, with 20% down payment then how much money I should put in Escrow.          

 In my case, in my offer, listing agent put $5k at the time of my offer, then $45k after attorney review and then remaining 10% during closing, so I put 10% before home inspection.

Just wondering if that standard practice.

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Charlie Fitzgerald
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Charlie Fitzgerald
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Charlie Fitzgerald
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It's all negotiable...

  • Charlie Fitzgerald
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