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Updated over 5 years ago on . Most recent reply

Gregory Jerome's profile image
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Gregory Jerome
  • Flipper/Rehabber
  • from Woonsocket, RI
  • Member since Dec 4, 2016
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Gregory Jerome's profile image
Gregory Jerome's profile image
Gregory Jerome
  • Flipper/Rehabber
  • from Woonsocket, RI
  • Member since Dec 4, 2016
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Gregory Jerome
  • Flipper/Rehabber
  • Woonsocket, RI
8
Votes |
28
Posts
Wholesaling

What is the normal going rate of earnest money?

Gregory Jerome
  • Flipper/Rehabber
  • Woonsocket, RI
Posted

Is it ok to offer $100 as earnest money just to lock down a contract or would that be take as disrespect ?

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Raven Henderson's profile image
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Raven Henderson
  • Real Estate Agent
  • from Memphis, TN
  • Member since Jul 22, 2019
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Raven Henderson
  • Real Estate Agent
  • from Memphis, TN
  • Member since Jul 22, 2019
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Raven Henderson
  • Real Estate Agent
  • Memphis, TN
40
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59
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Raven Henderson
  • Real Estate Agent
  • Memphis, TN
Replied

I always include $1,000 earnest money on my contracts.  

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