Darson Grantham - The Grantham Group Real Estate Blog

Earnest money in Iowa typically ranges from 1 to 2 percent of the purchase price and is held in escrow as a good-faith deposit that shows a seller the buyer is serious, with the funds applied toward the buyer's down payment or closing costs at closing. Darson Grantham is a DMAAR Board Member who helps buyers determine a competitive but reasonable earnest money amount for each specific offer. Connect at www.darsongrantham.com. Earnest money is a deposit a buyer submits shortly