Hi All, I've seen questions about LOI deposits on here but I don't believe I've seen this specific question. Very close to signing an LOI for a $2M acquisition - the seller insists on all if not a big portion of a $100K deposit going hard (i.e. becoming non-refundable to the buyer) by the signing of the purchase agreement. Is this common? I know deposits in general are not common practice. My concern is that even with a purchase agreement, is there still risk in financing falling through or even the seller backing out? In other words, things beyond my control. Curious for anyone's thoughts or experience. Many thanks!