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Reply to "Earnest money in MD - where do buyers come up with 5-10% before selling their previous home?"
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[quote=Anonymous]we bought a $700,000 house in 2010 in CC, and when we wrote the offer we put down $35,000 (savings, we did not have anything to sell). the total downpayment was 10% when we closed. in a competitive market, probably the more you offer the better your offer looks to the seller. but if you will have a lot of money in a month, I would not worry. just wait a month, or offer what you have now, or get a loan from family, bank or wherever[/quote]
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