Amount of Good Faith Deposit?
What is the normal percentage for a Good Faith Deposit when making an offer on a boat? I have bought lots of homes and usually a $1000 is considered fine to get an offer placed and negotiations started. I have been told by a broker that 10% is required. That seems very high to me. In my case its about $14,000. Is it really that much higher then a home and if so why????
Thanks for any information,