North Metro Atlanta · Other
How much is 10% earnest money on a Johns Creek home?
Earnest money set as a percentage of the purchase price scales directly with whatever price the buyer and seller agree the home is worth, and Georgia does not set a required percentage, so the figure in this question depends entirely on the sale price itself. A larger deposit like that generally signals a more serious, competitive offer in a Johns Creek multiple-offer situation. The money is held in escrow, typically by the closing attorney or title company, and applied toward closing costs at the table.
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