How much was your deposit?

posted 3 years ago in Home
  • poll: How much was your deposit/earnest money?
    Less than $1000 : (18 votes)
    17 %
    $1000-$2499 : (30 votes)
    29 %
    $2500-$4999 : (5 votes)
    5 %
    $5000-$7499 : (10 votes)
    10 %
    $7500-$9999 : (3 votes)
    3 %
    $10000-$14999 : (8 votes)
    8 %
    $15000-$19999 : (7 votes)
    7 %
    $20000-$29999 : (3 votes)
    3 %
    $30000-$49999 : (7 votes)
    7 %
  • Post # 3
    Member
    9220 posts
    Buzzing Beekeeper
    • Wedding: September 2012

    Hmmmm, is that the same thing as earnest money?  Mine was $500 I think … been a long time. 

    Post # 4
    Member
    5518 posts
    Bee Keeper
    • Wedding: November 2012

    I cant remember if our deposit was $500 or $1.000.  It was one of the other. 

    Post # 5
    Member
    3515 posts
    Sugar bee
    • Wedding: April 2013

    We put $1000 down as a “deposit” / earnest money, our actual down payment was around $3500.

    Post # 6
    Member
    255 posts
    Helper bee
    • Wedding: May 2014

    $500 earnest money to start the building process.

    Post # 7
    Member
    2912 posts
    Sugar bee
    • Wedding: March 2014

    We haven’t bought a house yet but our deposit will be over $100,000 minimum to avoid paying LMI 🙁

    Post # 8
    Member
    3570 posts
    Sugar bee
    • Wedding: September 2011

    $1000 deposit

    Post # 9
    Member
    7281 posts
    Busy Beekeeper
    • Wedding: October 2011 - Bed & Breakfast

    I should have read the clarification first. Sorry I skewed the poll. lol

    Our deposit/earnest money was $20k (so 20% of our down payment). We were in a multiple offer situation, so offering a substantial amount of earnest money was one way to let the sellers know how serious and committed we were to the deal. We basically used the “put your money where your mouth is” approach.

    Post # 11
    mswallabyBee
    2070 posts
    Buzzing bee
    • Wedding: November 2012 - Oak Tree Manor

    $150 deposit when we made our offer, and $3,000 earnest money. The $150 deposit was non-refundable; the earnest money was 100% refundable during the 10-day option period.

    Post # 12
    Member
    1689 posts
    Bumble bee
    • Wedding: May 2014

    $4,000 deposit (not downpayment) on a $290K house

     

    Post # 14
    Member
    3570 posts
    Sugar bee
    • Wedding: September 2011

    @FauxBoho:  a deposit is usually a little bit of money that accompanies your offer on a house.  I think you are talking about making a 20% downpayment on the purchase price, which is a separate thing.

    Post # 15
    Member
    2912 posts
    Sugar bee
    • Wedding: March 2014

    @AB Bride:  haven’t bought yet but we are looking at around $550k – $600k. My area is ridiculously expensive but we are prepared and have been saving for years. 

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