{"teamId":"11549","campaignId":"1358","seriesId":"32080","from_email":"cindyboyd4747@gmail.com","email_subject":"The lowdown on deposits","attachment":"","email_message":"\r\n\t\r\n\t\t\r\n
\r\n\t\t\t
\r\n\t\t\t\t<\/i>\r\n\t\t\t<\/div>\r\n\t\t\t
\r\n\tHey {first_name},
\r\n\t <\/div>\r\n
\r\n\tWhen a home is sold, a deposit is paid by the Buyer to the Seller, and forms part of the final<\/div>\r\n
\r\n\tpurchase price.
\r\n\t <\/div>\r\n
\r\n\tWhy do you need a deposit?<\/u><\/span><\/strong><\/div>\r\n
\r\n\t <\/div>\r\n
\r\n\t1. It provides security to the Seller<\/strong>
\r\n\t <\/div>\r\n
\r\n\tA deposit ensures that the Buyer has a stake in the agreement and something to<\/div>\r\n
\r\n\tlose if they don't close on the deal.
\r\n\t <\/div>\r\n
\r\n\t2. It's a pre-estimate of damages<\/strong>
\r\n\t <\/div>\r\n
\r\n\tIf the Buyer breaches the contract, the deposit acts as a signal to the courts of a<\/div>\r\n
\r\n\tpre-estimated amount of damages.<\/div>\r\n
\r\n\t <\/div>\r\n
\r\n\tHow much should the deposit be?<\/strong><\/span><\/u>
\r\n\t <\/div>\r\n
\r\n\tPro Tip:<\/strong>
\r\n\t <\/div>\r\n
\r\n\tLocal customs typically indicate what is \u2018normal.' There is no fixed amount required by law, but the higher the deposit,<\/div>\r\n
\r\n\tthe more attractive the offer.
\r\n\t <\/div>\r\n
\r\n\tFor example:
\r\n\t <\/div>\r\n
\r\n\tIf you offer a deposit lower than expected, you risk looking like an unserious Buyer; your<\/div>\r\n
\r\n\toffer is rejected. In a multiple offer scenario, a sizable deposit could give you an edge; I've<\/div>\r\n
\r\n\tseen Sellers accept a lower price for a higher deposit.  <\/div>\r\n
\r\n\t <\/div>\r\n
\r\n\tWhat happens to the deposit if you don't fulfill a condition?<\/strong><\/u><\/span>
\r\n\t <\/div>\r\n
\r\n\tIf your offer was conditional on ie. getting financing but your bank doesn't approve you for<\/div>\r\n
\r\n\ta mortgage, then you get your deposit back.<\/div>\r\n
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\r\n <\/i>\r\n <\/div>\r\n

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\r\n RE\/MAX Signature, 7214 Farm to Market Rd 1488 #105,, Magnolia, TX, 77354, USA
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