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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 |
What U.S. state is home to the world's richest woman?
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| A |
Alice Walton, daughter of WalMart's founder and heiress to $16.5 billion, lives on a ranch in the state of Texas. |
 See More Real Estate Trivia > |
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Pamela Holmes
P.M. Holmes Realty
P.O. Box 88357
Dunwoody, GA 30356
Phone: 770-482-9091
Fax: 770-482-9097
Email: pamelaholmes@NUMBER1EXPERT.com
Congratulations on your choice to relocate in or to the Atlanta, Georgia area. Our goal is to exceed your expectations. Our customers are everything to us. Please let us know how we can assist you in your transition. At P.M. Holmes Realty, we are not happy until you are. Welcome to Atlanta! Sincerely, Pamela M. Holmes
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