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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. See All Tips In The "Making An Offer" Category > See Complete Library Of Hundreds Of Tips In 30+ Categories >

Q  What is considered one of the few remaining tax shelters in the 1990s? A  Homeownership--property taxes on a residence or vacation home are deductible up to $1 million. See More Real Estate Trivia >

Bill and Katherine McGregor McGregor Real Estate Group 2186 Kell Blvd. Wichita Falls, TX. 76309 Phone: 940-322-7800 Fax: 940-264-7800 Email: katherineandbill@NUMBER1EXPERT.com www.McGregorRealEstateGroup.com is brought to you by Katherine and Bill McGregor NUMBER1EXPERT™ in real estate for Wichita Falls, Sheppard Air Force Base and Burkburnett, Texas Read Katherine and Bill McGregor's Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge

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