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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 areas are known as the 'silk stocking' districts of this famous city?

A 
In Central Park West, Fifth Avenue and Park Avenue in Manhattan, apartments go for $222,610 to $282,709 per room.
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The Turleys, REALTOR®, real estate agent and broker for Glen Ellyn, Wheaton and Chicago Western Suburbs, Illinois home listings, property and land for sale - NUMBER1EXPERT(tm)

The Turleys
Keller Williams Premiere Properties

462 N. Park, Suite 100
Glen Ellyn, IL 60137
630-790-3100
Fax: 888-545-8338
turleys@theturleys.com

The Turleys are your NUMBER1EXPERTS serving Glen Ellyn, Wheaton and all of Dupage County. The Turleys are not only recognized as one of the top Realtors locally, but also ranked among the top 1% of all Realtors nationally. The Turleys success can be attributed to their 47 years combined real estate experience, extensive market knowledge, use of cutting edge technology, and outstanding customer service!

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