When I was purchasing my home, it quickly became apparent that I had to put down a deposit, otherwise known as earnest money.  The deposit is to show that you are serious about buying the home. The amount of deposit required varies from market to market and across the country.  In some places it’s as little as $500.00 or as much as 3% of the purchase price.  As a buyer, I learned that your goal is to put down as little as possible for a variety of reasons, but as a seller you should try to get the largest deposit … Continue Reading