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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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Sara Littlefield, REALTOR®, real estate agent and broker for Darien, Rowayton and New Canaan Connecticut home listings, property and land for sale - NUMBER1EXPERT(tm)

Sara Littlefield
Prudential CT Realty
455 Post Road
Darien, CT 06820
Office: 203-655-5114- ext 4746
Cell: 203-253-3350
Direct: 203-299-4746
Fax: 203-655-2348
Email: sara@saralittlefield.com
Sara Littlefield, a respected professional in the real estate market, is always on the cutting edge of the industry. Clients want fast, high sales, and Sara delivers just that. Her sales rank in the top 2% of Prudential nationwide including 75,000 plus real estate agents. And she has received the Prudential Legend award for five consecutive years as a local top-listing, top-selling real estate leader in this changing global marketplace--and top sales and listing agent in Darien office for seven consecutive years. Sara has been honored with many customer service achievement awards during her career, earned through customer satisfaction ratings. Her clients especially appreciate her calm, good counsel, and focused and responsive approach to their real estate needs. Sara brings to her clients nearly two decades of marketing, advertising, PR and consulting expertise earned at Apple, Xerox and Priceline among others; consulting expertise in Interactive TV industry with BellSouth, Scientific Atlantic, game industry with Mattel and Hasbro; CEO/executive coaching in analyst/partner relations, media relations, internal communications and customer relations; plus a master's degree in communications, specializing in interpersonal communications, PR and international negotiations and mediation. She received a B.A. in English with Minor in Business from Santa Clara University and University of London, School of Economics and a M.A. in Business Communications and Public Relations from Emerson College. In graduate school, Sara specialized in Negotiations and taught international students International Negotiation & Mediation courses. All of which help her deliver the best results for her clients.

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