Earnest Money Deposits in Jacksonville, FL
Posted by Greg DeTullio on
In Jacksonville, FL, buyers typically put down 1% of the purchase price as earnest money in standard situations, and 2–3% on more competitive listings. The deposit is held in a Florida escrow account and credited toward your down payment or closing costs at closing, it is not an extra cost on top of your total cash to close.
How much earnest money do buyers put down in Jacksonville, FL?
In Jacksonville, buyers typically put down around 1% of the purchase price as earnest money in standard, non-competitive situations, and closer to 2–3% on listings that are priced well or drawing multiple offers. The deposit is held in a Florida escrow account and credited toward your down payment or closing costs at closing, so it is not an additional…
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