Inna Ivchenko, Realtor® • GRI • HAFA • PSC Calabasas CA (Barcode Properties)

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Rainmaker
4,799,651
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

It varies greatly by the desirability of the property Inna.  Though typically around $1,000 to $5,000 for most ordinary properties and occasionally up to 20% for strong offers on very desirable properties.

Nov 23, 2015 04:10 AM
Rainmaker
1,683,406
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

Between $300 and $1000 ........  Mostly $500. or $1000.

Nov 23, 2015 11:27 AM
Ambassador
1,569,453
Karen Fiddler, Broker/Owner
Karen Parsons-Fiddler, Broker 949-510-2395 - Mission Viejo, CA
Orange County & Lake Arrowhead, CA (949)510-2395

Depends, but most want 3%

Nov 23, 2015 10:07 AM
Rainmaker
6,857,178
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

It varies by price range with a minimum of $1,000.

Nov 23, 2015 09:29 AM
Rainmaker
3,986,000
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

$500 to $10,000..depends on the property

Nov 23, 2015 07:47 AM
Rainmaker
1,659,305
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West - Carlsbad, CA
Presence, Persistence & Perseverance

This varies with the circumstances, closing date, method of payment, list price, etc. $100k-300K $4k-$10K is usually sufficient, unless multiple offers.

Nov 23, 2015 07:42 AM
Rainmaker
1,708,135
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Glad you used the word customary. Normally a minimum of $500 and typically 1% of a purchase price, but of course negotiable.

Nov 23, 2015 07:16 AM
Ambassador
3,888,706
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

In Seattle Washington, I saw a 10% EMD and I also see about a 3% average there.

Around Tacoma I see $1000 to $5000 depending on the home price.... 

Nov 23, 2015 05:32 AM
Ambassador
4,315,625
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Inna Ivchenko it is $1,000 in our area. Sometimes, a bit more - and for lower priced home (about $250K and below) homes $500 works.

Nov 23, 2015 05:30 AM
Rainmaker
846,375
Marco Giancola
Beachfront Realty - Miami Beach, FL
Realtor (305)608-1922, Miami Beach Florida

often $5000.00 will do the trick

Nov 23, 2015 05:23 AM
Rainmaker
878,826
Bruce Walter
Keller Williams Realty Lafayette/West Lafayette, Indiana - West Lafayette, IN

Inna, I doubt if you have many HUD homes in your area with the FHA lending cap, but if you do they only require a $1,000 EMD for a purchase over $50,000.   Fannie Mae  Asset Managers usually want 10% EMD down for a cash buyer in our area.

On traditional sales it is very common in our area for a buyer to have an EMD of 1% or less.

Inna, if it is a bank I am not familiar that owns the distressed property and they do not have addenda that the buyer can read upfront, I recommend they offer as little EM as they can get away with.  (about 1/2 of a percent-$500 on a $100,000 offer)

 

Nov 23, 2015 04:02 AM
Rainmaker
413,093
Cindy Davis
SD Home Source Realty - San Diego, CA

The average EMD is between 1-3%....but I have seen smaller and larger amounts!

Nov 23, 2015 03:57 AM
Rainmaker
5,573,163
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

5%with offers on resale properties.... I like to see 10% on new construction and my builders always held and used the deposit after all of the contingencies were satisfied....buyers of new homes need to have skin in the game.

Nov 23, 2015 03:35 AM
Ambassador
5,612,725
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

I generally put down $500. unless it is a foreclosure, then they require 1000.

 

Nov 23, 2015 03:33 AM
Rainmaker
4,222,358
Richard Weeks
Dallas, TX
REALTOR®, Broker

$1,000 -$5,000 up to 500K sales price

$10,000 plus over 500K

Nov 23, 2015 09:51 PM
Rainmaker
2,488,441
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Inna. Deposits run from $1,000 to $5,000 for the most part. Lower for distressed properties.

Nov 23, 2015 06:26 PM
Rainmaker
1,413,374
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

3% is typical here.  I've seen less offered depending on the buyer's financial situation.

Nov 23, 2015 03:48 PM
Rainmaker
912,465
Troy Erickson AZ Realtor (602) 295-6807
Good Company Real Estate - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Inna - Well, it varies, but typically 1% is used. If buyer really wants the property, then they may offer more.

Nov 23, 2015 01:30 PM
Ambassador
3,986,910
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

It is less than 1 percent of the purchase price. In some situations there is no earnest money.

Nov 23, 2015 11:36 AM
Ambassador
4,683,378
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Well of course it varies, but generally at least 1% of the purchase price, and often the seller wants to negotiate more, especially in a multiple offer situation

Nov 23, 2015 11:19 AM
Rainer
319,929
Melissa Jackson
Century 21 Alliance Properties - Azle, TX
Helping You Make The Right Move

About 1% - 3% .  We have heavy competition around here for distressed properties also.

Nov 23, 2015 09:29 AM
Rainmaker
175,514
Spirit Messingham
Tierra Antigua Realty - Tucson, AZ
Third Generation Full-Time Realtor® 520 471-6900

It is for the buyer to decide and seller to accept.  I try not to tell buyers what to do in this regard.  Customary in today's market?  1% of purchase price of AAR purchase contract.

Nov 24, 2015 04:15 AM
Rainmaker
3,070,584
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Representing Sellers we suggest Seller "requests" 2% of sale price - more is better.

Representing Buyers we suggest Buyer offers a minimum of 1% of sale price  - more is "stronger". 

Nov 23, 2015 10:43 PM
Rainer
67,209
Evelyn M Epperson
Coldwell Banker Residential Brokerage - Johns Creek, GA
A Tradition Of [Excellence, Trust & Service]

1000.00 from price point 150K to 300K other price points earnest money 2000 to 5000

Nov 24, 2015 07:10 AM
Rainmaker
4,334,754
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

About 1% of the purchase price. If by distressed you mean a foreclosure, sometimes the banks set the amount of EM upfront. Here we just offer 1% and negotiate if a seller wants a bit more.

Nov 23, 2015 10:00 PM
Rainmaker
2,759,637
TeamCHI - Complete Home Inspections, Inc.
Complete Home Inspections, Inc. - Brentwood, TN
Home Inspectons - Nashville, TN area - 615.661.029

 Good Tuesday morning Inna. I don't know! That would be an interesting question to ask when I to go to school next week.

Nov 23, 2015 05:18 PM
Ambassador
2,090,762
Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

It depends on whether I am working on the buyers or the sellers side.  It's fully negotiable.

Nov 23, 2015 09:49 AM
Rainer
140,460
Richard L. McKinney P.A.
Atlantic Shores Realty Expertise - Port St Lucie, FL
For Results that MOVE you on the Treasure Coast!

1k to 5k max ...  I would say 2k would be average ... We have a local builder that will accept 1k down and start construction on a 200k home.

Nov 23, 2015 09:16 AM
Rainer
150,216
Michael Thacker - Re/Max Real Estate Center - Louisville
Re/Max Real Estate Center - The Thacker Group - Louisville, KY
Your best friend who just happens to be a Realtor

Usually a $1000 here.

Nov 23, 2015 07:40 AM
Rainmaker
1,748,738
Lyn Sims
Schaumburg, IL
Real Estate Agent Retired

$200,000 = $2000

$300,000 & up = $5000

FHA Repo is $500 & up but more like 1000. We do not have a percentage in our contract here in northern IL.

Nov 23, 2015 07:22 AM
Rainmaker
2,472,894
Captain Wayne - Rowlett Real Estate School
Rowlett Real Estate School - Panama City, FL
Rowlett Real Estate School / Owner and Instructor

$1000

Nov 23, 2015 06:34 AM
Rainmaker
838,612
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

1% of the offer price. For a distressed property that is going for cash, I would generally recommend more as it gets very competitive with investors.

Nov 23, 2015 06:18 AM
Rainmaker
1,172,389
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

3% EMD- for SF Bay area.  

TO show you are serious I sometimes suggest more like 5% for lower price. Reason is it gives an edge showing you are serious.

Nov 23, 2015 05:17 AM