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Real Estate Tips
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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Real Estate Trivia
Q 
What structure is regarded as the best surviving example of Pennsylvania Dutch architecture?

A 
The Georg Muller House in Milbach, PA, built in 1752.
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Rhonda Krenzer, REALTOR®, real estate agent and broker for Morristown, Dandridge and Jefferson City, Tennessee home listings, property and land for sale - NUMBER1EXPERT(tm)

Rhonda Krenzer, ABR, CRS, GRI, MBA, Broker
RE/MAX Real Estate Ten

525 West Morris Blvd. Suite F
Morristown, TN 37813
Office: 423-289-0030
Fax: 423-587-9450
Cell Phone: 423-312-4488
Email : Info@rhondakrenzer.com

“My prescription for success is pretty simple. Just combine equal amounts of determination, focus and hard work and practically anything is possible. This is the approach I use with my family and my clients.” Rhonda Krenzer, ABR, CRS, GRI, MBA, Broker

ABR CRS GRI


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