earnest money

[Doryal P.]

In the State of New Jersey; is there a minimum, required earnest money deposit when getting into contract with a seller?? ( I am a wholesaler learning the ins and outs...

[Bill Gulley]

I doubt it, earnest money is usually driven my local custom and the market. Wher did all our ten dollar consideration guys go anyway?

What is customary in your area, sometimes a note will do it, sometime a hundred bucks, often a grand and in somplaces they may want a % of the sale price offered. Juswt depends on what is customary. :)