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| Eugene Vigoa, Esq. |
As a seller you want the buyer to put up as large a deposit as possible for obvious reasons. A significant deposit shows the buyer are serious about completing the purchase. If the buyer only has a small deposit to risk, they may be willing not to close and lose their deposit. If however, they stand to lose a large deposit, then they will think twice before walking away from the deal.
Buyers often get "buyer's remorse" and don't want to close for reasons that have nothing to do with the property. A large deposit makes the buyer, if anything, think twice about wasting the seller's time.