Tagged : Earnest money

Found 1 blog entry tagged as "Earnest money".

real estate earnest money receiptThere are some great tools for webmasters to check what web surfers are really searching for.  With the busy spring season for real estate ahead of us, it seems like buyers and sellers are wondering what constitutes a low earnest money amount or if there is an average for Chicago Illinois.

Because Chicago, the suburbs and Cook County are so large there are really no earnest money rules.  The southwest Chicago suburbs still get contracts with earnest money as low as $1,000.  This is usually for purchases in the $100,000's.  Once a buyer purchases a more expensive property, the expected earnest money is higher.

In Chicago's downtown and surrounding area I was surprised to find out that the average Chicago earnest money percent was around ten percent

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