It is all about that possibility. Located in a nice residential location is large lot. Current home sustained fire damage and the value of this large lot is land value only. Buyer/Buyer Agent to confirm on the buyers side all information with respect to violations, utilities and all aspects of the property. Desired EMD amounts are 10% of offer for cash offers and 1% of offer for financed offers. Earnest Money Deposit of 1% of the Purchase Price or $1,000, whichever is greater.