How much should I offer as earnest money?
Often around 1%–3% of the price, though it varies by market and how competitive you want to look. A larger deposit signals seriousness. It's not extra money — it's credited toward your costs at closing.
A typical earnest-money deposit runs around 1% to 3% of the purchase price, but there's no fixed rule — it flexes with the market and how strong you want your offer to look. A larger deposit signals to the seller that you're serious and committed.
Remember, it isn't an added expense; it's applied toward your down payment or closing costs at the end. And with proper contingencies, it stays protected if you need to cancel for a covered reason. I'll recommend an amount that makes your offer competitive without putting more at risk than necessary.
This answer is general education, not legal, tax, or financial advice. Your situation is unique — let's talk through the specifics together.