Posted from: http://www.zillow.com/blog/protect-your-escrow-deposit-54041/
You’ve made an offer on a property, the seller has accepted, and maybe you’re about to sign a contract. Now it’s time to put some money down to show that you’re serious about moving forward.
The amount of money a buyer puts down (and when it’s put down) varies by state and local market. For many, it’s a few thousand dollars, up to three percent of the purchase price. In some parts of the country, it can be up to 10 percent.
The deposit is a good-faith gesture …
Posted from: http://www.zillow.com/blog/protect-your-escrow-deposit-54041/
You’ve made an offer on a property, the seller has accepted, and maybe you’re about to sign a contract. Now it’s time to put some money down to show that you’re serious about moving forward.
The amount of money a buyer puts down (and when it’s put down) varies by state and local market. For many, it’s a few thousand dollars, up to three percent of the purchase price. In some parts of the country, it can be up to 10 percent.
The deposit is a good-faith gesture …
