Typical Deposit On A San Diego Home

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“Hi Gary. How much is a typical deposit on a home and who holds the money?”

***ANSWER:
Deposits vary greatly and many people have different opinions on what’s normal. For me, it’s about 1% of the sales price.

Typically, when you write your offer you give your agent a personal check made out to the agent’s firm or the escrow company.

How To Beat Competing Offers & Buy San Diego Home

Licensed since 1984, San Diego real estate broker Gary Kent is a recognized authority on real estate. In addition to selling over 5,500 homes for clients, he has been an expert court witness, trainer of other agents, and he does seminars on home buying, home selling, and investing. Gary has sold homes for The Salvation Army, dozens of major banks, and Fannie Mae, amongst others. You can find Gary on Facebook, Instagram and YouTube.

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