Here is additional information regarding financing requirements for condominium projects that may be of interest:
Happy funding, Rudi
Excellence Real Estate
When presenting your initial offer it's always good to provide a deposit's amount that will allow you to be taken seriously as a real buyer. It's also important that you don't float too large an amount out there to be tied up should things not work out.
Between the negotiation process and the lender the final deposit will likely be a number that all three parties find acceptable.
Ever heard of a Ben Franklin Balance Sheet?
Take a tablet, draw a line down the middle. On the left heading, put 20% and on the right, put 25%.
Now, just list all the reasons for one or the other; really reach for it, think of everything!
Which list is longer?
Good luck and may God bless