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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 famous writer's home is Rowan Oak?
A	Rowan Oak in Oxford, Mississippi, was the home of William Faulkner from 1930 until his death in 1962.
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Jay Crosby, REALTOR®, real estate agent and broker for Potomac, Rockville and Montgomery County, Maryland home listings, property and land for sale - NUMBER1EXPERT(tm)

Jay Crosby
RE/MAX Pros
20270 Goldenrod Lane, #200
Germantown, MD. 20876
301-785-5399
301-916-1400 x387
800-848-8275 x387
Fax: 301-916-0282
Email: jaycrosby@NUMBER1EXPERT.com
Jay has been a dedicated full-time Realtor for 18 years and ranks in the top 1% of Realtors nationwide. He relocated from California to Montgomery County in 1971. Having lived here for over 32 years, he knows Montgomery County. Jay is known for his upbeat personality, a "can do" attitude and thrives by providing a high level of service for his clients. Jay and his wife Kelly along with their three children live in Potomac, Maryland and when he is not working he spends his time on family activities, coaching kids, and involvement with his local church. Jay would love to hear from you to explore any real estate needs you might have. Call Jay direct on his cell phone at 301/785-5399 or drop him an email at jaycrosby@remax.net.

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