Contracts
In NH, the typical earnest money deposit on a residential purchase is:
ASet by law at exactly 1% of the purchase price
BNegotiable, commonly 1-3% of the purchase price, but not set by statute✓ Correct
CRequired to be at least 10%
DPaid directly to the seller
Explanation
NH has no statutory minimum earnest money requirement. The deposit amount is negotiated between the parties and is typically 1-3% of the purchase price, though it can be higher in competitive markets.
Related New Hampshire Contracts Questions
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