Hard Earnest Money Deposit

[Rob Beardsley]

Hi all,

I operate mostly in Texas which is very hot and terms seem to be very seller friendly (quick diligence periods, hard earnest money deposits, etc). What are the normal terms in your market right now? What are they historically? Specifically, I'm most interested in understanding what earnest money deposits look like for your respective markets (size, refundable/nonrefundable, all up front, one deposit at close and another after diligence). 

Thank you!