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Updated over 4 years ago on . Most recent reply

User Stats

90
Posts
13
Votes
Sean Harris
  • New to Real Estate
  • Atascadero, CA
13
Votes |
90
Posts

Ernest money for duplex?

Sean Harris
  • New to Real Estate
  • Atascadero, CA
Posted

Just put an offer on a duplex in Ohio and my realtor asked if I wanted to add ernest money. Is that normal on a deal under 200k? Or does my bid plus ernest money make a more solid bid? Also does the ernest money get wrapped into the bid? Say I offer 180k, would that really mean 170k plus the 10k ernest money. Confused and need help, thanks

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