How much earnest money is required?

When a customer goes under contract on a move-in-ready or custom home with Landmark Fine Homes, we require a 1% earnest money deposit on most homes. We require a 2% earnest money deposit on all of our Springs Communities. This is a standard and important step in the home-buying process and helps set the foundation for a smooth transaction.

Earnest money is a good-faith deposit that shows a buyer’s commitment to purchasing the home. For move-in-ready homes, the deposit helps secure the property while final steps toward closing are completed. For custom homes, it allows the planning, scheduling, and preparation process to begin with confidence.

At Landmark Fine Homes, the earnest money deposit supports early project costs such as administrative setup, scheduling, and — in the case of custom homes — initial planning and coordination. Most importantly, it ensures that both the buyer and builder are aligned and fully invested as the process moves forward.

We believe transparency and communication are key, whether you’re purchasing a home that’s ready now or building one from the ground up. Our team is always happy to explain how earnest money works, how it’s applied, and what to expect at each stage of the journey.

At Landmark Fine Homes, our goal is to make every step — from contract to closing — clear, professional, and stress-free.