First thing first, you wouldnâ€™t do a home inspection prior to the owner accepting your offer, because you would be sending money on home inspection without knowing if the owner â€œwillâ€ accept your offer.
So, first you get an accepted offer, then do your inspection, and then if there were no major issues to be discussed after the home inspection, you would proceed to formal contracts.
Now as far as your deposit goes, (down payment for formal contacts), that is negotiable.
Generally speaking, it would be somewhere between $10,000.00 and $25,000.00 up to about $500,000.00 purchase.
This is due to the fact that in a cash purchase, there IS NOT a mortgage contingency in the formal contracts, this means you WILL NOT get your deposit moneys back if you do not close on the sale - discuss this with your Realtor and attorney, they will advise you as well.
I donâ€™t know if you have chosen a Realtor to work with as of yet, but make sure that they can answer these questions before you work with them and also be sure to chose an attorney who specializes in Real Estate transactions.
If you like, I could refer a couple excellent Real Estate attorneys to you.
As for Realtors, there is only ONE Realtor I would refer to you, LoL!
I hope this info was helpful to you and good luck!!