I want to know if you are buying a home in New Mexico if you have to pay earnest money? If so how li

Earnest money is a deposit on the sales contract, and there is no standard amount. Typically, offers with higher earnest money deposits are more readily accepted by sellers as they show greater buyer commitment. For example, an offer of 100K with a $5000 earnest money deposit would probably get accepted over a 100K offer with a $500 earnest deposit. Consult your buyers' agent regarding how much earnest money you should include with your offer, remembering that if you really want to purchase a particular home, your offer should reflect that, both in price and in earnest money.