Earnest money deposit percentage requirement

The percentage requirement for an earnest money deposit is:

  1. 3% of the offer
  2. 5% of the offer
  3. 2% of the offer
  4. whatever the buyer wants

The answer is D – there is no fixed percentage for the earnest money deposit.  Although, if the buyer wants to show the seller that he’s serious about his offer then he may want to put in a decent amount.