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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 economic factor can make the purchase of a home an excellent long-term investment?
A	Home price appreciation can result in a substantial return on the buyer's investment as a house increases in value over time.
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The Stafford Team, REALTORŽ, real estate agents and broker for Denton, Flower Mound and North Texas Country Properties Texas home listings, property and land for sale - NUMBER1EXPERT(tm)

The Stafford Team
Keller Williams Realty
2434 Lillian Miller Parkway
Denton, TX 76205
Tel: 940-594-7253
Fax: 940-382-2773
Email: CharlesandDebbie@NUMBER1EXPERT.com
The Stafford Team has consistently been ranked the #1 team for the Texas and Louisiana Region. This high performance award is an outstanding achievement. With the combined 40 years real estate experience, dedication, commitment to excellence, marketing savvy, familiarity of the area communities, professionalism, vast real estate knowledge, and quality customer care service, the Stafford Team outshines all it's competition. The key to their success lies in their ability to focus on the needs, wishes, and desires of their customers and to dedicate themselves to responding and servicing those needs. Call and let us help you achieve your real estate goals!

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