How Much Earnest Money Do You Need?

Earnest money is the good-faith deposit you put down when your offer is accepted. The amount depends on the price of the home and how competitive the market is.

Typical Amounts

In many San Diego transactions, earnest money runs about 1 to 3 percent of the purchase price. On a competitive offer, a larger deposit can help your offer stand out.

What Affects the Amount

Market conditions, the seller's expectations, and the strength of your overall offer all influence how much earnest money makes sense.

Where the Money Goes

Your deposit is held in escrow and applied toward your down payment and closing costs at closing, so it's not an extra cost, it's part of what you already owe.

Not Sure How Much to Offer?

Reach out and I'll help you set an earnest money amount that strengthens your offer while protecting your deposit.