Sellers like to see a bunch and Buyers usually want to put down only a minimal amount. The truth is unless it is a non-refundable deposit then what does it matter.
Also know if buyer is spending money in the feasibility period of inspections, travel, appraisal or bank fees then it is not exactly a free look for the buyer. With that said a minum of $5,000 and then add to the amount as the deal progresses with some or all of the deposit going hard at some point in time.
Aug 26, 2009