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earnest money in an option contract
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Topic: earnest money in an option contract (Read 2379 times)
cknighter82
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Posts: 25
earnest money in an option contract
«
on:
May 15, 2005, 04:07:30 pm »
I am new to wholesailing and trying to learn the ropes before I dive in, my question is how much is reasonable earnest money for an option to buy contract? I have heard as low as $10 and as high as 5% of purchase price. Does anyone out there use a certain amount and has anyone had better success using more money and maybe the pros and cons of each. Sorry if its alot of questions but I enjoy hearing from people that are out there doing this each and every day.
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