Westport, Wilton and Weston Connecticut real estate listings, home buying, selling and relocation information

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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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Q	What document must lenders provide within three days of receiving your application for financing?
A	The "Truth In Lending Disclosure Statement" will give you complete financial information about the loan.
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Sara and Charles Hemmerdinger, REALTORŽ, real estate agents and broker for Westport, Wilton and Weston Connecticut home listings, property and land for sale - NUMBER1EXPERT(tm)

Sara and Charles Hemmerdinger
Prudential CT Realty
272 Post Road East
Westport, CT. 06880
203-429-1069
203-858-8580
Fax: 203-222-1741
Email: SaraandCharles@NUMBER1EXPERT.com
Sara and Charles, long time residents of Westport, specialize in marketing and selling homes in Westport, Weston, Wilton, Norwalk, Fairfield, and all of Coastal Fairfield County. Working together as an award-winning team since 1992, Sara and Charles go the extra mile in service, each step along the way. Call them today! Prudential Connecticut Realty is an independently owned and operated member of The Prudential Real Estate Affiliates Inc., and Prudential is a service mark of The Prudential Insurance Company of America.

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