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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 famous example of post-colonial architecture is modeled after the palace of the Duke of Leinster in Ireland?

A 
The White House in Washington, D.C., begun in 1792 and burned by the British in 1814, was rebuilt in 1818 and restored in 1951.
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Pinnacle Group, REALTORŪ, real estate agents and broker for Wausau, Weston and Mosinee Wisconsin home listings, property and land for sale - NUMBER1EXPERT(tm)

Pinnacle Group
Weichert Realtors Pinnacle Group

3910 Schofield Ave, Suite 4
Weston, WI 54476
Phone #: (715) 849-1690
Fax #: (715)359-8181
Email: wrpinnaclegroup@weichert.com

Pinnacle Group is the largest Team of REALTORSŪ in Central Wisconsin; specializing in new and pre-owned homes in Central Wisconsin including Wausau, Weston, Kronenwetter, Schofield, Rothschild, Mosinee, Rib Mountain and Merrill.

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