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.

	See All Tips In The "Making An Offer" Category >
	See Complete Library Of Hundreds Of Tips In 30+ Categories >

Betty Cutler Favier
Peaks Real Estate Sothebys International
136 Country Club Drive
Telluride, CO 81435
Phone 1: 800-737-9621
Phone 2: 970.708.2099
Fax: 970.692.8427
bcf@TellurideRealEstateOnline.com

Betty has 24 years of experience helping people buy and sell their homes. Listening to her clients, ongoing education in industry standards and trends, and a high level of confidentiality and professionalism have built a real estate business of long term relationships and referrals.

Sotheby’s International Realty© is a registered trademark licensed to Sotheby’s International Realty Affiliates, Inc. Each Office Is Independently Owned And Operated.

www.TellurideRealEstateOnline.com is brought to you by Betty Cutler Favier
NUMBER1EXPERT™ in real estate for Telluride and Mountain Village, Colorado, Ski Resort Vacation Homes and Condominiums

Read Betty Cutler Favier's Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge