Life Style Denver by Gretchen Faber

Earnest Money Requirements in Denver

Relocating buyers often ask how much earnest money they'll need when they make an offer on Denver real estate. My answer? "It depends." Some brokers and sellers request 3% some request 10%.  Earnest money requests/requirements are entered in the MLS, so your Buyer Agent can tell you what the sellers have requested.  3% is more the norm for mid-priced homes, 10% is extremely high. However, for high end homes, closer to 10% isn't too unusual. What the sellers request and what the buyers...Continue Reading!