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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The Sue Martin Team
Coldwell Banker Gundaker
516 Old Smizer Mill Road
Fenton, MO 63026
Cell: 636-795-3400
Office: 636-717-6000
Fax: 636-326-1000
Sue@SueMartinTeam.com

Sue Martin and her Home Selling Team is the Fenton area's #1 full-service Realtor whose business success is based on a results-oriented team approach. This dedication to service has resulted in The Sue Martin Team being ranked by St. Louis Business Journal and St. Louis Magazine as one of Metro St. Louis' top Realtors. Sue and her team of professional agents are focused on providing quality services to facilitate home buyers and sellers in achieving their real estate goals through exceptional customer service, track record and experience, and results-based systems. Referrals and recommendations from past clients and customers are a testimony to the team’s commitment, high performance standards and results. Call Sue Today ... and Start Packing!!