Although percentages vary from state to state, a
Although percentages vary from state to state, a cash deposit equal to three percent of the sales price is […] Buyers should expect to pay them and sellers should demand them. Depending on the laws in your state, a buyer who can’t close will lose the deposit. As with most transactions, this percentage is negotiable. Good faith deposits are a fundamental part of a realestate transaction. The good faith deposit simply establishes that the buyer is serious and, to some extent, has the financial capacity to follow through on the buy.
Maryland Real Estate
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