Remove Brokerage Remove Earnest money deposit Remove Seller concession
article thumbnail

Can You Get Your Earnest Money Back at Closing?

Redfin

This deposit is usually between 1% and 3% of the homes purchase price, but the amount can vary based on the local market and the agreement between you and the seller. This ensures that neither the buyer nor the seller can access the money prematurely, protecting both parties during the transaction.

Closing 34
article thumbnail

How to Start Investing in Real Estate with $1,000

Realty Biz

What it doesn’t take is much money. You only need to put a small amount down as an earnest money deposit , and you get that money back either when the deal closes or if you put contingencies in place for it. To cover closing costs, negotiate a seller concession. House Hacking.

article thumbnail

How to Start Investing in Real Estate with $1,000

Realty Biz

What it doesn’t take is much money. You only need to put a small amount down as an earnest money deposit, and you get that money back either when the deal closes or if you put contingencies in place for it. To cover closing costs, negotiate a seller concession. You can buy and sell them instantly.