How much earnest money should I put down?

Earnest money in Arizona typically ranges from one to three percent of the purchase price, but the amount is negotiable and depends on the market and price point. A stronger earnest deposit can make your offer more competitive by showing the seller you're serious and financially capable. The earnest money is held by the title company and applied to your down payment and closing costs at closing. If you cancel during your inspection period or other contracted contingency, you get it back. The right amount balances making your offer attractive without tying up more cash than necessary.