Is the amount of earnest money that a buyer sends to a seller written in stone? Who determines this number and must a buyer always stick to it when submitting an offer on a home?
Maybe it’s more accurate to think of the earnest money amount the same way you think about closing date, inspection objection deadline, price, and the response deadline. Maybe it’s just one more detail to hammer out in the negotiations. Did your agent make you aware of this option?
I think the answer to this question is that everything is negotiable. Ask your agent if that $300,000 property really requires an earnest money check of $7,500.00 to be submitted along with the offer. Can’t you send over less?
Real-a-Save is your Denver and Boulder real estate expert. Feel free to email bob@realasave.com with any questions or comments.
Tags: boulder listings for sale, boulder real estate, commission savings, denver real estate company, denver real estate listings, rebate
