how much to put in for earnest money in nyc queens village?

Asked by Ming, Queens Village, Queens, NY Tue Dec 15, 2009

I just got accepted for a bid, I need help to understand how much you have to put in for a earnest money. They are asking for 10% of the download payment. please help

Thanks,

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2
Martina Ryan, Agent, Bayside, NY
Wed Nov 12, 2014
This sounds ok. Anything less is generally frowned upon.
0 votes
Anna M Brocco, Agent, Williston Park, NY
Tue Dec 15, 2009
What is your Realtor advising you to do? 10% is for the most part required upon signing the contract, most sellers will not be comfortable with anything less.

Anna
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