Posted by Anne_ND on May 22, 2006 at 21:09:35:
Sounds like they want $5K at signing or else the contract is void. The most earnest money I would put down is $1K, but more usually $100 or something small that I feel I can walk away from. Make sure the earnest money goes into escrow not into their pocket.
Does not sound like a motivated seller to me.