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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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In what real estate market are more than 90 percent of home sales cash transactions?
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| A |
Palm Beach, home to princes, politicians, and CEOs, has homes from 2,000 sq.ft. condos to 56,000 sq.ft. estates. |
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Ed Leyba
Keller Williams Partners Realty
1307 Aeroplaza Drive
Colorado Springs, CO. 80916
Phone: 719-651-0085
Fax: 719-387-1207
Email: edleyba@NUMBER1EXPERT.com
I am dedicated to the philosophy that satisfied clients are repeat clients. Running my client base from referrals and satisfied customers is my top priority. I work extensively with you, as a buyer or seller, to make sure your expectations and real estate needs and goals are satisfied. Think of me as your personal shoppers. I research the real estate market on a daily basis and use this information to help you determine the best price for buying or selling a home. I listen to your wants and needs in finding a new home and use my knowledge of the sales market to find that
perfect match.
Whether you are a first time buyer or an experienced investor, you will find useful information about how to choose the "right" property, making an offer, negotiating, financing, mortgage rates, moving, and everything involved in making an informed real estate decision in today´s market.
If you currently own property and are thinking of placing it on the market, this site contains information about preparing your home for sale, selecting the right agent, pricing your home appropriately, marketing it effectively, going through the inspection processes, and receiving a timely market evaluation.
Thanks for visiting my online real estate source. 
 
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