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SAVE UP TO $17,510* SAVE UP TO $17,510* On Your Home Purchase! Just hire the LEVYTEAM as your buyer or seller agent. Or, buy one of our listings! Find Out More > View All Offers >
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EXACTLY The House We've Been Looking For! "We can't thank you enough for helping us get into the EXACT house we've been looking for!" Terry & Harold Potakey Read Quote > View All Quotes >
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Looking for homes? Search every home for sale that the web has to offer, right here! Don't miss our Feature Homes. Need local real estate information? We've summarized much of what is important about the Washington DC Metro Area, Columbia Heights, 16th Street Heights, Silver Spring, Takoma Park, and Baltimore, MD real estate market within our website for your convenience. Need expert advice? Ask Us Anything! No web site, large or small, can take the place of a top real estate agent, much less an entire team! Not even ours! This site is filled with ways that you can contact us for one-on-one expert help and advice as you review the real estate information available. That's our job and we are experts at it because we love doing it! Contact us with confidence! We guarantee your privacy will be respected. And we offer the services on our site for free and without obligation. Why? We want to be YOUR real estate agents. As your trusted, professional real estate partners, we will help you find the best home in your desired area within your price range. And together we will sell your home, for as much as the market will bear, and as quickly as possible. Buying and selling a home is one of the biggest events in your life. As top real estate agents in the Washington DC Metro Area - from Northern Virginia to Baltimore, MD - including Columbia Heights, 16th Street Heights, Silver Spring, Takoma Park, and Baltimore, MD real estate market, we have the experience and track record you are looking for. Please let us help. You'll be glad you did. - Ellen, Barry, and Grace The Levy Team Washington DC Real Estate Agents | Real Estate Agents Washington DC | Real Estate Agent Washington DC | Resources  |
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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What is the role of the U.S. Housing Authority?
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| A |
Created in 1937 by FDR, the U.S. Housing Authority provides construction loans to small communities and states. |
See More Real Estate Trivia > |
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