I think each transaction is different with its own set of circumstances. I have represented buyers just recently with cash deals and they put 5% down. They wanted the homes and wanted to present strong offers. I have also had buyers with 1% or 2%. I usually suggest for larger escrow amounts, that they put an initial deposit and after the inspection period put the additional escrow; to equal that 5% or more. You should look at your offer as a whole, and if others may be writing offers on that home as well. Always do what youâ€™re comfortable with and discuss your concerns with your broker. I wish you the best of luck.
Have a great day,