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All agents are NOT alike! Find out why I am a top real estate expert. Call Jeana Cowie today Cell# 201-982-2200, Off# 201-599-1100 ext. 348.

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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 is the role of the U.S. Housing Authority?

A 
Created in 1937 by FDR, the U.S. Housing Authority provides construction loans to small communities and states.
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Jeana Cowie, REALTOR®, real estate agent and broker for Paramus, Oradell and Ridgewood, New Jersey home listings, property and land for sale - NUMBER1EXPERT(tm)

Jeana Cowie
RE/MAX Real Estate Limited

297 Kinderkamack Rd
Oradell, NJ 07649
office: 201-599-1100 ext. 348
cell: 201 982 2200
fax: 201-251-8283
JMCowie@optonline.net

ABR = Accredited Buyer Representative GRI = Graduate Real Estate Institute SRES = Senior Real Estate Specialist Broker Associate, Real Estate Agent

ABR Equal Housing GRI MLS REALTOR SRES


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