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Making An Offer >Good Faith Deposits
After many months of searching, you have found your ideal house. You are a little older and a little wiser now, so you want to give the impression that you are serious without appearing to be too eager. What should you do? In the marketplace, "money talks."
There is no absolute rule about how much "good-faith" deposit you should put down--but it is a tool to make your point with the seller. The typical $1,000 will hold many homes for you, except in larger-home markets where it may be critical for you to show that you are an especially serious and able buyer. You don't want to make a deposit that is too large in case there is a problem getting your money back, but if your offer is substantially below the asking price, a larger deposit--$5,000 or $10,000--might influence the seller.
If you make a low deposit with your offer, be sure to provide for an increased deposit when the offer is accepted or upon removal of the contingencies.
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Which famous skilled mason laid the cornerstone of the Capitol Building in Washington, D.C. in 1793?
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George Washington, the first President of the United States. |
 See More Real Estate Trivia > |
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Paul Grasemann
RE/MAX Gateway
50 Industrial Drive
Gilberts, IL 60136
Phone: 847-414-4040
Fax: 847-574-7592
paul@majorPaul.com
Thanks for takin' time to discuss your needs. I am a full-service residential Broker Associate. For a decade I have met clients with a no-nonsense approach to buying and selling homes.
From our first introduction through to the closing table, I will treat you with respect and courtesy. You will benefit from my professionalism and market experience.
If you are considering relocating into or out of McHenry or Kane counties or the collar communities, take time to drop me a line. The RE/MAX Gateway staff and I will share information with you right away, so you can begin getting acquainted with the local market. Contact me with confidence at 847-414-4040!    
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