Posted on: 29th Nov, 2010 05:59 pm
Who determines the amount of the earnest deposit...the buyer or the buyer's agent. No where on the purchase agreement did it say the seller was requesting $5000.00.
Hi kr!
Welcome to forums!
As far as I know, it is the buyer who will decide as to how much earnest deposit he or she will pay. However, the buyer will definitely consult with his or her agent in this regard. The amount of the deposit varies from purchase to purchase. If the buyer is extremely interested in buying the property, then he will offer a larger sum.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
As far as I know, it is the buyer who will decide as to how much earnest deposit he or she will pay. However, the buyer will definitely consult with his or her agent in this regard. The amount of the deposit varies from purchase to purchase. If the buyer is extremely interested in buying the property, then he will offer a larger sum.
Feel free to ask if you've further queries.
Sussane