Escrow

**rjordan392** · 06-13-2010, 05:51 AM

Hello,
Is the amount of escrow based on custom and is it negotiable? I am looking for a house in the $240,000 to $260,000 price range. What would be normal escrow?

**Chrisopher Moltisanti** · 06-14-2010, 04:25 PM

Whatever you think is fair and how bad you want the place. If you KNOW there's competition for the property and you want it really bad, well.....

CM

**rjordan392** · 06-14-2010, 05:11 PM

Thanks,
But I think in my locality, escrow is set by the sellers agent.

**Chrisopher Moltisanti** · 06-15-2010, 03:13 AM

I see, well, if we're talking about a cash transaction, usually it's like $1,000 cash or certified funds. I was under the impression you were speaking about non-cash transactions.

CM