how much should earnest money be
Earnest money is usually between 1% and 3% of the home's purchase price. For a $400,000 home, earnest money may range between $4,000 and $12,000.The earnest money amount is usually included in the buyer's offer; buyers may try to make their bid seem more serious by offering more earnest money.his may vary by deal and by location, but the earnest money deposit is usually the first big milestone after mutual acceptance, and buyers should be ready to make their earnest money deposit as soon as possible after mutual acceptance.