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Q » What is an earnest money deposit and how much is typical?
29 Oct, 2025
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A » An earnest money deposit is a sum paid by a buyer to demonstrate their serious intention to purchase a property. It acts as a security for the seller, indicating the buyer's commitment. Typically, this deposit ranges from 1% to 3% of the property’s purchase price, though it can vary based on local market conditions and negotiations between the parties involved.
30 Oct, 2025
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