Home Buying in Tampa>Question Details

Marge, Home Buyer in Medford, NJ

What is a typical earnest money amount for an offer on a manufactured home in Naples FL priced around 150k?

Asked by Marge, Medford, NJ Mon Apr 22, 2013

Help the community by answering this question:


Typical amount for earnest money for a real estate transaction is 1%. However if you can do more or less depending on the strength of your offer and the source of your funds.
0 votes Thank Flag Link Mon Apr 22, 2013
If you're buying a mobile home, make sure you own the land it sits on or you could be subject to the landlord's rent increases. The landlord could even sell the land and you would have to relocate your trailer.

Hopefully you have land ownership.... couldn't resist pointing this out in case you don't know if you do or not... make sure before you put up a deposit.
0 votes Thank Flag Link Mon Apr 22, 2013
1% is the general default setting for the amount of earnest money one typically puts down with an offer. If the house is under $100,00 most sellers would not consider an offer with earnest money under $1000. However with a competitive market I have had people include more of an earnest money to get the attention of the seller.
0 votes Thank Flag Link Mon Apr 22, 2013
Put down 1% and the seller should accept this amount.
0 votes Thank Flag Link Mon Apr 22, 2013
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