10% Earnest Money Deposit

June 18, 2025
by a searcher from Louisiana Tech University - College of Business in Houston, TX, USA
Seller's broker is requesting a 10% earnest money deposit within two days of execution of LOI. I get that it goes to escrow and is refundable if I walk during due diligence, but it feels a little steep at this stage. Is this normal?
from Villanova University in New York, NY, USA
from University of Southern California in Los Angeles, CA, USA