Deposit

Category: Financing

What is The deposit in real estate when buying a home?

What is The Deposit 🤔

The Deposit is an amount of money from the home buyer to the home seller, paid in good faith to show dedication to purchasing the property. 🏡

IMPORTANT FACTS 👇🏼

💰The amount varies by market
💰Goes towards the purchase of your home
💰Protects the seller if a buyer backs out
💰A buyer may get this money back – due to failed inspections or contingencies

Our best advice? When it comes to buying in a low inventory, competitive market, it’s essential to partner with a Buyer’s Agent who understands how to make your offer stand out to sellers 🥊

Contact our team for a ✨ free consultation ✨ to learn more about how to write a winning offer!

Tags: Homebuyer Terms, Real Estate Terms

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