Gary Belhumeur
GRI, CSR, SRES, ASR, e-Pro
Owner/Managing Broker
HUD Certified Broker
Seller's Agent
Marketing Manager
Cindy Belhumeur, ABR
Owner/Broker Associate
Buyer's Agent Team Leader
Seller's Agent
HUD Certified
CFO
JJ Dockendorf
Broker Associate
Short Sale Specialist
HUD Specialist
Larry Beck
Broker Associate
Bank Owned (REO) Specialist
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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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| Q |
How can you give your home the equivalent of sunglasses?
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| A |
Install low "E" squared glass filters sunlight, saves on energy costs and prevents fading of furniture, drapes and carpets. |
 See More Real Estate Trivia > |
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