I’d like to know what amount of deposit/earnest money it is customary to require in these situations.
spec house finished
spec house about 50%complete
presale/ customer owns lot
does the % amount differ for different price ranges? if so let’s break it down to
under 250K// 250K-500K// over 500K
i’m about to be in the spec house 50% complete situation this week. i figure
about 40K in choices remain and don’t want to turn it over completely to these
folks without protecting myself.